Privacy Collection Notice for Customer Due Diligence
This privacy collection notice from Express Property Settlements outlines why we collect your personal information, what we collect, how we collect it and who we share it with.
Why we need to collect your information
We collect your personal information to comply with the ‘Customer Due Diligence’ requirements in the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). This includes to:
establish and verify your identity before providing certain services to you
assess and manage potential money laundering, terrorism financing, proliferation financing risks or related compliance risks associated with the provision of our services
make reports required by law under the AML/CTF Act
meet record keeping obligations under the AML/CTF Act.
What personal information we collect
We collect the following types of personal information:
your full name, date of birth, residential address
occupation
photo ID and unique identifier, such as a passport or driver’s licence number
contact details (including telephone and email addresses)
any other information we may need to provide you with our services
We also collect the following sensitive information:
whether you are a member of any political associations, professional or trade associations may be used to verify your occupation or determine whether you are a politically exposed person
How we collect your information
We will generally collect your personal information directly from you. We may also collect your information from other sources such as:
Easy AML; a third party identity verification service which collects personal information on our behalf for the purposes of the AML/CTF Act;
registers of companies, trusts, or public records (such as court records, regulatory filings, land registries), financial institutions or professional intermediaries; and
your representatives or professional advisers.
Who we may share your information with
In order to provide you with services, we may need to disclose your personal information to third parties. The organisations that we are likely to disclose information about you to include:
other parties involved in your transaction
banks, lenders and other financial institutions
Landgate and other government agencies/authorities
PEXA or other electronic conveyancing/settlement platforms
third parties to assist with AML/CTF obligations including identity verification and storage
third parties that have entered into a written reliance arrangement with us for the purposes of section 37A of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and any applicable AML/CTF Rules
to any of Express Property Settlements’ related companies
real estate agents, contractors and service providers
our professional advisers, auditors and insurers
your representatives
Office of the Australian Information Commissioner
anyone to whom the disclosure is required or permitted under the Privacy Act, other Australian Law, Regulation or Court/Tribunal Order; and
anyone else where you have provided your consent.
We may also share your personal information with AUSTRAC to meet our legal and regulatory obligations under the AML/CTF Act or the AML/CTF Rules.
We do not currently disclose personal information overseas. If this changes, we will update this policy.
What happens if we cannot collect your information
If you do not provide us with your personal information, we may not be able to verify your identity and provide you with the services you have requested.
Your privacy rights and our privacy policy
Our Privacy Policy contains further information about how we will handle your personal information and how you can access and correct your personal information. It also outlines how to lodge a complaint and how that complaint will be managed if you are concerned about how we handled your information: https://www.expresspropertysettlements.com.au/privacy-policy
How to contact us about your privacy
You are always welcome to contact us on the details below.