The Buyer agrees for the Seller to obtain from a credit reporting agency a credit report containing personal credit information about the Buyer in relation to credit provided by the Seller.
The Buyer agrees that the Seller may exchange information about the Buyer with those credit providers either named as trade referees by the Buyer or named in a consumer credit report issued by a credit reporting agency for the following purposes:
(a) To assess an application by the Buyer; and/or
(b) To notify other credit providers of a default by the Buyer; and/or
(c) To exchange information with other credit providers as to the status of this credit account, where the Buyer is in default with other credit providers; and/or
(d) To assess the creditworthiness of the Buyer.
The Buyer understands that the information exchanged can include anything about the Buyer’s creditworthiness, credit standing, credit history or credit capacity that credit providers are allowed to exchange under the Privacy Act 1988.
The Buyer consents to the Seller being given a consumer credit report to collect overdue payment on commercial credit (Section 18K(1)(h) Privacy Act 1988).
The Buyer agrees that personal credit information provided may be used and retained by the Seller for the following purposes (and for other purposes as shall be agreed between the Buyer and Seller or required by law from time to time):
(a) The provision of Goods; and/or
(b) The marketing of Goods by the Seller, its agents or distributors; and/or
(c) Analysing, verifying and/or checking the Buyer’s credit, payment and/or status in relation to the provision of Goods; and/or
(d) Processing of any payment instructions, direct debit facilities and/or credit facilities requested by the Buyer; and/or
(e) Enabling the daily operation of Buyer’s account and/or the collection of amounts outstanding in the Buyer’s account in relation to the Goods.
The Seller may give information about the Buyer to a credit reporting agency for the following purposes:
(a) To obtain a consumer credit report about the Buyer;
(b) Allow the credit reporting agency to create or maintain a credit information file containing information about the Buyer.
The information given to the credit reporting agency may include:
(a) Personal particulars (the Buyer’s name, sex, address, previous addresses, date of birth, name of employer and driver’s licence number);
(b) Details concerning the Buyer’s application for credit or commercial credit and the amount requested;
(c) Advice that the Seller is a current credit provider to the Buyer;
(d) Advice of any overdue accounts, loan repayments, and/or any outstanding monies owing which are overdue by more than sixty (60) days, and for which debt collection action has been started;
(e) That the Buyer’s overdue accounts, loan repayments and/or any outstanding monies are no longer overdue in respect of any default that has been listed;
(f) Information that, in the opinion of the Seller, the Buyer has committed a serious credit infringement (that is, fraudulently or shown an intention not to comply with the Buyer’s credit obligations);
(g) Advice that cheques drawn by the Buyer for one hundred dollars ($100) or more, have been dishonoured more than once;
(h) That credit provided to the Buyer by the Seller has been paid or otherwise discharged.