Privacy Policy

Wealth Management Group Australia Pty Ltd

Version 1.0: Last updated: 21/10/2024

This Privacy Policy relates to how we address each of the Australian Privacy Principles (APPs) set out in the Privacy Act 1988.

We are committed to managing any personal information we collect from our clients in an open and transparent way.

We collect personal information from you and about you as part of our advisory role. We do this in a variety of ways, including asking you for data about yourself and requesting data from others (e.g., a super fund you invest in).

Any personal information we hold about you will be securely stored, either in hard copy or on computer hard drive.

If you have any complaints about our treatment of your personal information, you can contact us or the Privacy Regulator directly at www.oaic.gov.au.

Because we store some of our business data electronically and may back some or all of this data up using “cloud-based” technology, there is a chance that some of your personal information may be disclosed to overseas recipients. This is because its transmission via the cloud means it is “disclosed” to the party that operates the IT infrastructure where the data is backed up.

We are unable to say with complete certainty which countries this infrastructure may be located in; however, if this is of concern to you, we are happy to investigate and advise. We are also happy to provide you with a copy of this Privacy Policy free of charge upon request.

Although the Privacy Act makes provision for people to remain anonymous or use pseudonyms, we believe it is impractical for us to deliver our services effectively if you wish to do this.

We only collect information from you that we believe we need to deliver our services to you. If we seek to collect “sensitive” personal information (as defined), we will also seek your express consent first.

If we determine that we have obtained unsolicited personal information from you (i.e., information we don’t actually need to deliver our services), we will contact you and return it or otherwise remove it from our records as soon as is practicable.

Where we collect information about you other than directly from you, we will advise you of this fact and provide any other information relevant to that collection as determined in the circumstances, in light of sub-clauses 5.1 and 5.2 of the APPs.

If we use or disclose your personal information for any purpose other than the primary purpose of its collection (or any secondary purpose you have expressly consented to), we will advise you as soon as practicable.

If we wish to use any information we have gathered from you for the purpose of direct marketing, we will seek your express consent first unless the circumstances of collection made it reasonably likely that we collected the information for that purpose, even if this is not the primary purpose of collection.

If we ever do this, you will always have the option to “opt out” and not receive any direct marketing from us.

The only overseas recipient of your personal information we currently anticipate is the party that hosts any IT infrastructure that we back our business data up to (e.g., via the so-called “cloud”). We will seek confirmation from any such service provider that they will treat your data securely and in alignment with the APPs. If we determine they are not able to treat client personal information in this way, we will seek an alternative service provider.

If we determine that some other overseas party may also receive your personal information, we will perform the same assessment as above before we engage with them.

We won’t use any government-related identifier as our own identifier of you unless it is necessary for us to deliver our services to you and we need to liaise or communicate with a government department or agency that requires us to use a government-related identifier.

We will do all we can to ensure the personal information we collect is accurate, up-to-date, and complete.

We will take all reasonable steps to maintain and store your personal information securely for as long as we reasonably require it to deliver our services. Once we no longer require this information, we will take all reasonable steps to ensure it is securely destroyed or returned to you or your nominated agent.

We will provide you with access to the personal information we hold about you, provided no statutory exception applies. If we believe one does, we will always advise you of our basis for refusing access so that you may consider your position regarding that refusal.

We are happy to rectify any personal information we hold about you should you (or we) consider our records to be inaccurate.