1. Introduction NZ Asset Finance (referred to as "we," "us," or "our") is committed to protecting the privacy of our customers in accordance with the New Zealand Privacy Act 2020. This Privacy Policy outlines how we collect, use, disclose, and safeguard your personal information. By using our services, you consent to the practices described in this policy.
2. Collection of Personal Information We may collect personal information from you when you apply for our financial products or services, or otherwise interact with us. This information may include:
- Your name, address, date of birth, and contact details.
- Financial and employment information.
- Information about your assets, liabilities, and credit history.
- Information from third parties such as credit reporting agencies and government databases.
3. Use of Personal Information Your personal information is used to:
- Assess and process your application for credit.
- Verify your identity and information provided.
- Conduct credit checks and obtain credit reports.
- Manage your account and provide ongoing services.
- Comply with legal and regulatory requirements, including the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
- Prevent fraud and other unlawful activities.
- Communicate with you about our products and services.
4. Disclosure of Personal Information We may disclose your personal information to:
- Credit reporting agencies for credit assessment purposes.
- Third-party service providers who assist us in delivering our services.
- Government agencies and regulatory bodies as required by law.
- Employers, accountants, or other referees for verification purposes.
- Referral partners for providing additional products and services.
5. Credit Reporting If we disclose your personal information to credit reporting agencies, they may:
- Retain this information on their database.
- Use it for credit reporting services and lawful purposes.
- Disclose it to their subscribers for credit assessments or debt collection. You have the right to access and correct the information held by credit reporting agencies.
6. Access to Motor Vehicle Register Information We may access information from the Motor Vehicle Register for purposes related to your application. You can restrict access to your information on the Motor Vehicle Register through options such as opting out or obtaining Confidential status. For more information, visit Waka Kotahi NZ Transport Agency.
7. Data Retention We will retain your personal information:
- For the duration of your financial agreement and for six months after all repayments are completed.
- As required to comply with legal and regulatory obligations.
8. Your Rights You have the right to:
- Access your personal information held by us.
- Request corrections to your personal information.
- Opt-out of receiving promotional communications from us.
9. Security of Information We take reasonable steps to safeguard your personal information from unauthorized access, use, or disclosure. However, no data transmission over the internet can be guaranteed to be completely secure.
Our commitment to the non-sale of data: We will never sell your personal information to any third party.
10. Changes to This Privacy Policy We may update this Privacy Policy from time to time to reflect changes in our practices or legal requirements. The latest version will be available on our website.
11. Contact Us For any questions or concerns about this Privacy Policy or how your personal information is handled, please contact us at hello@nzfinance.co.nz
