- About us
- Your privacy is important to us
- What information do we collect?
- How do we use your information?
- Who do we share your information with?
- Checking your credit history
- Keeping your information safe
- Accessing, updating and correcting your information
- Making a privacy complaint
- We’re here to help
Dated 1 March 2017
1. About us
The CommBank Group provides a wide range of banking and financial services. This policy describes how your personal information is handled by the Group’s Australian members.
The Commonwealth Bank of Australia and its subsidiaries (the Group) provide banking, finance, insurance, funds management, financial planning and advice, superannuation, stockbroking and other services. The Group includes the CommSec, CommInsure, Commonwealth Financial Planning, Financial Wisdom, Count Financial, Bankwest and Colonial First State businesses. All of the Group’s Australian members must follow the Privacy Act and Australian Privacy Principles (APPs).
For more information about the Group, including a complete list of Group members, see CommBank’s latest Annual Report, available at commbank.com.au/shareholders.
2. Your privacy is important to us
We protect your information, and aim to be clear and open about what we do with it. You can find more information in places like our application forms and terms and conditions.
We understand that your privacy is important to you, and we value your trust. That’s why we protect your information and aim to be clear and open about what we do with it. This policy explains how we handle your personal information. It also includes:
- Our policy on the handling of credit reports and other credit information
- Key information about credit reporting matters (see Section 6).
During your relationship with us, we may tell you more about how we handle your information— for example, when you fill in an application or claims form or receive terms and conditions. You should always read these documents carefully.
3. What information do we collect?
We collect information about you when you use our products or services, or deal with us. We may also collect information about you from other people and organisations.
Information we collect from you
We collect personal information about you when you use our products or services, or deal with us in some way.
This includes collecting information when you:
- Contact us — for example, when you open an account, fill in an application or claim form, give us feedback or make a complaint
- Use our products or services – for example, when you use your debit or credit card, pay a bill or transfer money
- Visit our websites or use our mobile apps.
The information we collect from you may include:
- Information about your identity — including your name, address, date of birth, gender and marital status
- Your Tax File Number or tax residency status
- Health information — for example for insurance purposes
- Financial and transaction information
- When you visit our websites or use our mobile apps — your location information, IP address and any third-party sites you access. For more information about how we do this, visit commbank.com.au or visit commbank.com.au/app
- Other personal information, such as details of your interactions with us.
Information we collect from others
We collect information about you from others, such as:
- Service providers
- Companies or bodies that you own shares in or have an interest in
- Family members
For example, if you apply for credit, we may ask a credit reporting body for your credit report. If you apply for life, income protection or travel insurance, we might ask you or your doctor for your medical information. We may also collect information about you that is publicly available (for example, in public registers or on social media) or provided by businesses we deal with.
The Privacy Act protects your sensitive information — such as information about your religion, ethnicity, health or biometrics (for example, your fingerprints). If we need this type of information, we’ll ask for your permission — except where otherwise allowed by law.
4. How do we use your information?
We’re careful about how we use your information. We use it to deliver our products and services. We also use your information for other reasons, such as to better understand you and your needs, and to let you know about other products and services you might be interested in.
We collect, use and exchange your information so we can:
- Confirm your identity
- Assess your application for a product or service
- Design, manage, price and provide our products and services
- Manage our relationship with you
- Minimise risks and identify or investigate fraud and other illegal activities
- Contact you, for example, when we need to tell you something important
- Improve our service to you and your experience with us
- Comply with laws, and assist government or law enforcement agencies
- Manage our businesses.
We may also collect, use and exchange your information for other reasons where the law allows or requires us.
Bringing you new products and services
From time to time, we may also use your information to tell you about products or services we think you might be interested in. To do this, we may contact you by:
- Social media
- Advertising through our apps, websites, or third-party websites
If you don’t want to receive direct marketing messages or want to change your contact preferences, log on to NetBank and click Message Preferences.
If you don’t use NetBank or want to know other ways to opt out — or if you’re a CommSec, Colonial First State, Count Financial, Financial Wisdom or Commonwealth Financial Planning customer — see Section 10 for how to opt out.
Using data to give you better customer service
We’re always working to improve our products and services and give you the best customer experience.
New technologies let us combine information we have about you and our other customers, for example transaction information, with data from other sources, such as third party websites or the Australian Bureau of Statistics. We analyse this data to learn more about you and other customers, and how to improve our products and services.
5. Who do we share your information with?
We may share your information with other members of the CommBank Group. We may also share your information with others for the reasons mentioned in Section 4.
We may share your information with other members of the Group. This helps us offer you a high-quality customer experience. You can read about how Group members may use your information in Section 4.
We may also share your information with third parties for the reasons in Section 4 or where the law otherwise allows. These third parties can include:
- Service providers — for example, mortgage insurers, loyalty program partners and our product distributors
- Businesses who do some of our work for us — including direct marketing, statement production, debt recovery and IT support
- Brokers, agents, advisers and people who act on your behalf — such as your parent (if you are under 14), guardian, or a person with Power of Attorney
- Guarantors and other security providers
- Organisations involved in our funding arrangements — like loan purchasers, investors, advisers, researchers, trustees and rating agencies
- People who help us process claims — like assessors and investigators
- Other banks and financial institutions — for example, if we need to process a claim for a mistaken payment
- Auditors, insurers and re-insurers
- Current or previous employers — for example, to confirm your employment
- Government and law enforcement agencies or regulators
- Credit reporting bodies and credit providers
- Organisations that help identify illegal activities and prevent fraud
- Other people (like cardholders) using the same account.
Sending information overseas
Sometimes, we may send your information overseas, including to:
- Overseas businesses that are part of the Group
- Service providers or third parties who store data or operate outside Australia
- Complete a transaction, such as an International Money Transfer
- Comply with laws, and assist government or law enforcement agencies
If we do this, we make sure there are arrangements in place to protect your information. You can find out which countries your information may be sent to at commbank.com.au/security-privacy/country-list.pdf.
6. Checking your credit history
If you ask us for credit, we may check your credit reports. We get these from credit reporting bodies. We also share your credit information with them so they can provide credit reports to others.
When you apply to us for credit or choose to be a guarantor, we may need to check your credit reports.
A credit report gives us information about your credit history. Credit reports are provided by credit reporting bodies, who collect and share credit information with credit providers like us, and other service businesses like phone companies.
The Privacy Act limits the information we can give to credit reporting bodies, and that they can give us. The Act also limits how we can use credit reports.
The information we can share with credit reporting bodies includes:
- Your identity
- Type and amount of credit you have — like credit cards, home loans, or personal loans
- How much you’ve borrowed
- If you’ve made all your repayments
- If you’ve committed fraud or another serious credit infringement.
Credit reporting bodies include this information in their reports to assist other credit providers to assess your credit worthiness.
We can also ask credit reporting bodies to give us your overall credit score, and may use credit information from credit reporting bodies together with other information to arrive at our own scoring of your ability to manage credit.
The credit reporting bodies we use are Equifax Pty Ltd, Experian Australia Credit Services Pty Ltd and Dun & Bradstreet (Australia) Pty Ltd. You can download a copy of their privacy policies at:
What do we do with credit information?
We use information from credit reporting bodies to:
- Confirm your identity
- Assess your credit applications
- Assess your ability to manage credit
- Manage our relationship with you
- Collect overdue payments
We keep your credit information with your other information. You can view this information or ask us to correct it if it’s wrong (see Section 8) or make a complaint to us (see Section 9).
Other rights you have
Direct Marketing — Credit providers like us can ask credit reporting bodies to use your credit information to pre-screen you for direct marketing purposes, but you can tell credit reporting bodies not to (see Section 10).
Preventing identity fraud — If you think you have been or could be a victim of fraud — for example, if someone else may be using your name to apply for credit — you can ask the credit reporting body not to use or give anyone your credit information.
7. Keeping your information safe
Our staff are trained in how to keep your information safe and secure. We use secure systems and buildings to hold your information. We aim to only keep your information for as long as we need it.
We store your hard copy and electronic records in secure buildings and systems, or using trusted third parties. Here are some of the things we do to protect your information.
We train our staff in how to keep your information safe and secure.
Secure handling and storage
When we send information overseas or use third parties that handle or store data, we put arrangements in place to protect your information.
When you log into our websites or apps, we encrypt data sent from your computer to our systems so no one else can access it.
We have firewalls, intrusion detection and virus scanning tools to stop viruses and unauthorised people accessing our systems.
When we send your electronic data to other organisations, we use secure networks or encryption.
We use passwords and/or smartcards to stop unauthorised people getting access.
We use a mix of alarms, cameras, guards and other controls in our buildings to prevent unauthorised access.
Destroying or de-identifying data when no longer required
We aim to keep personal information only for as long as we need it – for example for business or legal reasons. When we no longer need information, we take reasonable steps to destroy or de-identify it.
8. Accessing, updating and correcting your information
You can contact us and ask to view your information. For more detailed information, you may need to fill out a request form. If your information isn’t correct or needs updating, let us know straight away.
Can you see what information we have?
You can ask us for a copy of your information, like your transaction history, by visiting a branch, going online or calling us. To get a copy of the credit information we have about you, you can visit a branch or call us.
For more detailed information, like what we’ve included in your loan file, you’ll need to fill out the Request for Access to Personal Information form included at the end of this policy. Send it to us using the contact details in Section 10.
Is there a fee?
There is no fee to ask for your information, but sometimes we might charge an access fee to cover the time we spend finding and putting together the information you want. If there’s a fee, we’ll let you know how much it is likely to be, so you can choose if you want to go ahead. Generally, the fee is an hourly rate plus photocopying costs and other expenses. You’ll need to pay us before we start, or give us permission to take it out of your account.
How long will it take?
We try to make your information available within 30 days after you ask us for it. Before we give you the information, we’ll need to confirm your identity.
Can we refuse to give you access?
In some cases, we can refuse access or only give you access to certain information. For example, we might not let you see information that is commercially sensitive. If we do this, we’ll write to you explaining our decision.
Updating your information
It’s important that we have your correct details, such as your current home and email addresses and phone number. You can check or update your information at any branch, or by logging in to one of our websites or calling us (see Section 10).
Can you correct or update your information?
You can ask us to correct or update any information we have (including credit information). See Section 10 for ways to contact us. If we’ve given the information to another party, you can ask us to let them know it’s incorrect. We won’t charge a fee for this.
If the incorrect information was given to us by a credit reporting body, we may need to check with them or the relevant credit provider before we can change it. We’ll try to do this within 30 days. If we can’t, we’ll let you know why it’s taking longer and agree on a new timeframe with you. We’ll also tell you when we’ve corrected the information.
What if we believe the information is correct?
If we don’t think the information needs correcting, we’ll write to let you know why. You can ask us to include a statement with the information that says you believe it’s inaccurate, incomplete, misleading or out of date.
9. Making a privacy complaint
10. We’re here to help
If you want to update your personal information, or if you have a privacy concern, need more information, or want to update your preferences - help is just a phone call or a few clicks away.
To ask a question, access your personal information, make a correction or a complaint, or get a printed version of this policy, contact us.
If you’re deaf or hard of hearing, or have difficulty speaking:
If you’ve raised your concern with one of our staff and aren’t satisfied:
To update your preferences about how we contact you or ask not to receive direct marketing:
If you use NetBank
Log on to netbank.com.au, click More from the main menu and choose Message Preferences
If you don’t use NetBank
If you’re a customer of CommSec, Colonial First State Count Financial, Financial Wisdom or Commonwealth Financial Planning:
For Count Financial, Financial Wisdom, or Commonwealth Financial Planning, contact your adviser directly
For more information about the Australian Privacy Principles and credit reporting rules:
You can find their privacy policies on their respective websites:
- Aussie Home Loans or Residential Mortgage Group
- CFS Global Asset Management
- Commonwealth Bank Group Super