Platypus Asset Management (Platypus) respects the privacy rights of clients and other organisations with whom we deal (“you”). Platypus is committed to complying with all applicable privacy laws including the Privacy Act 1988 (Cth) and Australian Privacy Principles.
Examples of personal information we may collect include, but are not limited to:
We will only collect, maintain and use personal information about you if it is necessary for us to adequately provide you our products or to meet our obligations under applicable Laws (e.g. the Anti-Money Laundering and Counter Terrorist Financing Act (2006) (AML Act).
We will at all times seek to ensure that the personal information collected and held by us is protected from misuse, loss, unauthorised access and disclosure. Additional privacy measures are employed to protect sensitive information.
You have the right not to disclose your personal information to us. However, this may limit our ability to provide you with our products.
Where you provide us with unsolicited personal or sensitive information which we do not require to deliver our products, such information will be subject to our normal security arrangements for client information. Where reasonable to do so, we will not hold unsolicited personal or sensitive information we do not require, however often we are unable to delete such information, particularly where it forms part of correspondence that we do need to retain. Deletion in such circumstances is generally not reasonable or practicable.
Personal information records are held for a period considered appropriate to provide you with our products and consistent with applicable Laws and the Privacy Act. Should you cease to
be a client of Platypus, any personal information which we hold about you will be maintained for the relevant periods required by Law.
We use your information to primarily manage, deliver and administer our products. We also use and analyse your information to meet our obligations under applicable Laws, for example the Know Your Client requirements as specified in the AML Act.
Platypus will only disclose personal information to third parties for the purposes of managing, delivering and administering our product and in accordance with this policy and applicable Laws.
For example, we may disclose relevant personal information to:
There may be occasions when Platypus seeks your consent to provide information to a credit reporting agency (CRA) for the purpose of verifying your identity under our AML Act obligations.
By law, Platypus must obtain express consent from you before proceeding with providing information to a CRA. To ensure your consent is informed we will include the following information, most likely via email:
The CRA is not permitted to disclose any other information to Platypus other than to verify your full name, date of birth and residential address.
If the assessment from the CRA does not enable Platypus to verify your identity, you will be notified in writing. You may contact the CRA directly to enquire about the accuracy of information contained on their credit information file. You will be provided with other means in which to verify your identity should this occur.
It is important to note you are under no obligation to consent to Platypus using a CRA to verify your identity. Should you not consent, you will be given other options, not reliant on credit reporting information, to verify your identity such as providing Platypus with certified, paper-based verification. This ensures that those who choose not to use their credit information file, or those who do not have a credit information file, are not disadvantaged when seeking to obtain services provided by Platypus.
We have systems and processes in place designed to hold your information securely. Only authorised personnel are granted access to your information. We also have in place processes designed to identify you when you deal with us by phone, online or face to face. These processes are designed to ensure we only disclose your information to you, or someone properly authorised by you. If your details change, we ask that you advise us of the change as soon as possible in order that we may maintain accurate records.
You have the right to correct your personal information held by us if you believe it to be inaccurate or out of date. We will then amend your records accordingly. If we disagree with the correction, we will advise you of the reasons for doing so and will make a note on your record of this.
You have the right to access your personal information. This can be arranged by calling us or writing. Your request should include a detailed description of the information required. To ensure information is only disclosed to those entitled to it you may be asked for identification.
If we are unable to provide you with access to your information, we will inform you of the reasons why.
If you have an enquiry or complaint about our information handling practices, please contact us by calling 02 8270 8200 or alternatively write to:
Platypus Asset Management Pty Limited
Governor Phillip Tower
Level 23, 1 Farrer Place
Sydney NSW 2000
It is our intention to resolve any complaint as quickly as possible and to your satisfaction. If you are unhappy with the response provided by us, you may refer your complaint to the Office of the Privacy Commissioner for further consideration.
Owner: Steven Best
Date approved: June 2014
Date last reviewed: February 2020
Date last amended: February 2020
Last amendment approved by: n/a