PRIVACY ACT

Each applicant acknowledges that New World Funding has informed each of them, in accordance with s.18E(8)(c) of the Privacy Act 1988, that certain items of personal information about each of them contained in this application and permitted to be kept on a credit information file, might be disclosed to a credit reporting agency.

AUTHORITY TO EXCHANGE INFORMATION WITH OTHER CREDIT PROVIDERS.

Each applicant acknowledges that New World Funding has informed each of them, in accordance with s.18E(8)(c) of the Privacy Act 1988, that certain items of personal information about each of them contained in this application and permitted to be kept on a credit information file, might be disclosed to a credit reporting agency.

  •  to assess an application by each applicant for credit.
  •  to notify other credit providers of a default by any applicant.
  •  to assist each applicant avoid defaulting on their credit obligations.
  •  to assess each applicant’s credit worthiness.

AUTHORITY TO EXCHANGE INFORMATION WITH OTHER CREDIT PROVIDERS.

Each applicant authorises a mortgage insurer to obtain their report from a credit reporting agency. In accordance with Section 18N(bb) of the Privacy Act, each applicant authorises New World Funding,and any ultimate funder / financier who provides the credit funds to disclose a report or information to a mortgage insurer so that mortgage insurer may assess whether to insure or consider the risk of insuring New World Funding, and/or any ultimate funder / financier who provides the credit funds, for the mortgage credit to be given to an applicant, or to assess the risk of default by an applicant on the mortgage credit, for any purposes arising under the contract of mortgage insurance between the credit provider and the mortgage insurer.

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    PRIVACY ACT