This Policy applies to, B&M Financial Group Pty Ltd and all its’ representatives. The privacy of your personal information is important to us. We are committed to respecting your right to privacy and protecting your personal information. We are bound by the National Privacy Principles in the Privacy Act 1988. Our staff and financial advisers are trained to respect your privacy in accordance with our standards, policies and procedures.
Collecting your personal information
As a financial service provider, we are subject to certain legislative and regulatory requirements under the Corporations Act and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. These require us to obtain personal information about you including:
- your name, contact details, date of birth, tax file number
- information regarding your dependents and family commitments
- your occupation, and employment history
- your financial needs and objectives;
- your assets, liabilities, income, expenses insurances, and social security entitlements
If you want to make purchases from (or through) us we will also collect your payment information. We will also collect this information if we need to make payments to you.
If you apply for employment with us we will collect information about your work history and ask your referees about you.
If you apply to become an Authorised Representative we will collect information to enable us to assess whether you meet accepted standards for financial planners.
We collect personal information directly from you or from third parties once authorisation has been provided by you. You have the right to refuse us authorisation to collect such information from a third party.
We may also need to collect sensitive information if we organise insurance covers for you. Sensitive information includes such things as health information, racial information and genetic information.
We will only collect sensitive information that is reasonably necessary for us to perform our functions or activities in advising and dealing with you.
Unsolicited personal information
We don’t usually collect unsolicited personal information. Where we receive unsolicited personal information, we’ll determine whether or not it would have been permissible to collect that personal information if it had been solicited. If we determine that collection would not have been permissible, to the extent permitted by law, we’ll destroy or de-identify that personal information as soon as practicable.
Dealing with us anonymously
You can deal with us anonymously where it is lawful and practicable to do so. For example, if you inquire about representatives who operate near to your location.
Using and disclosing your personal information
Primarily, your personal information is used in order to provide financial advice and services to you.
We may also use the information for the purpose of:
- attempting to identify other products and services that may be of interest to you; and
- disclosing your personal information to external associates and service providers who assist us to market our services.
If you do not wish to receive information relating to other products and services please contact us at any time.
We may disclose your personal information to the organisations described below.
- Our representatives;
- External service providers such as IT Consultants, insurers, professional advisers, paraplanners and contractors;
- Product issuers;
- Government and regulatory authorities and other organisations, as required or authorised by law;
- A potential purchaser/organisation involved in the proposed sale of our (or our representatives) business for the purpose of due diligence, corporate re-organisation and transfer of all or part of the assets of our business. Disclosure will be made in confidence and it will be a condition that no personal information will be used or disclosed by them;
- where you have given your consent.
We may use your personal information to tell you about other service providers, with whom we have arrangements, that supply goods or services that may be of interest to you.
If you apply to become an Authorised Representative or apply for employment with us we will collect information about you to assist us to decide whether to appoint you.
We collect payment information in order to process your payments.
In certain circumstances we may need to collect your tax file, Medicare or pension card number. We do not use or disclose this information other than for the purpose it was collected, authorised by law or if you have asked us to disclose this information to a third party.
We may disclose your personal information to overseas entities that provide support functions to us. You may obtain more information about these entities by contacting us.
Where your personal information is disclosed we will seek to ensure that the information is held, used or disclosed consistently with the National Privacy Principles.
Keeping your personal information accurate and up-to-date
We aim to make sure that the personal information we collect, use or disclose is accurate, complete and up-to-date. We will take reasonable steps to make sure this is the case. This way we can provide you with better service. If you believe your personal information is not accurate, complete or up to date, please contact us. If we refuse to correct your personal information we will provide you with our reasons within 30 days.
Protecting your personal information
We store information in different ways, including in paper and electronic form. The security of your personal information is important to us and we take reasonable steps to protect it from misuse and loss and unauthorised access, modification or disclosure. Some of the ways we do this are:
- confidentiality requirements for our employees, contractors and external service providers;
- Licensee Standards and business rules for document storage and systems access;
It is a legislative requirement that we keep all personal information and records for a period of 7 years. Should you cease to be a client of ours, we will maintain your personal information on or off site in a secure manner for 7 years. After this, the information will be destroyed.
We may use cloud storage to store personal information we hold about you. The cloud storage and the IT servers may be located outside Australia.
Your privacy on the Internet
We take care to ensure that the personal information you give us on our websites is protected. For example, our websites have electronic security systems in place, including the use of firewalls and data encryption. User identifiers, passwords or other access codes may also be used to control access to your personal information.
Links to Other Sites
You may be able to access external websites by clicking on links we have provided. Those other websites are not subject to our privacy standards, policies and procedures. You will need to contact or review those websites directly to ascertain their privacy standards, policies and procedures.
Gaining access to your personal information
You can gain access to your personal information. This is subject to some exceptions allowed by law. Should we refuse you access to your personal information, we will provide you with a written explanation for that refusal.
We ask that you provide your request for access in writing (for security reasons) and we will provide you with access to that personal information.
We will provide you access within 30 days if it is reasonable and practicable to do so, but in some circumstances it may take longer (for example, if we need to contact other entities to properly investigate your request).
We do not usually charge you for access to your personal information. However, if the request is complex, we may charge you the marginal cost of providing the access, such as staff costs of locating and collating information or copying costs. If charges are applicable in providing access to you, we will disclose these charges to you prior to providing you with the information.
If charges are applicable in providing access to you, we will disclose these charges to you prior to providing you with the information.
Resolving your privacy concerns
Adviser – Joe Walsh
Unit 4/5 Expansion Street
MOLENDINAR QLD 4214
Phone: 1300 266 255