Privacy Law
Platinum and its related bodies corporate collect your personal
information for the following purposes:
- to assess and process your application;
- assist you when an online application is not completed;
- to administer your investment and account;
- to verify your identity;
- to answer your questions and resolve your complaints;
- to provide assistance and support in relation to your investment and account;
- to communicate with you on an ongoing basis about your investment, the Funds and the market;
- for analysis to improve our products and services which may include providing your personal details to other external service providers (including data analytics companies and companies conducting market research);
- to advise you of new developments relevant to your investment in the Funds;
- subject to your right to opt out, to send you education and marketing information about Platinum and the Funds and to provide or market other products and services to you; and
- to comply with applicable laws and regulations, including without limitation the Corporations Act and AML/CTF laws and rules.
If you do not provide your personal information to Platinum, we may not be able to process your application or conduct some or all of the above activities.
In most cases, we collect your personal information directly from you, including via the Application Form you submit to us or in the course of other communications with you, which may occur through our website or when you phone or contact our staff. In some cases, we may also collect personal information from a third party such as a financial adviser.
In order to perform our role and for the purposes described above, we may disclose some or all of your personal information to our related bodies corporate and to other persons/entities outside of Platinum, including:
- to Platinum’s agents, contractors and providers of outsourced services, such as cloud storage, identification authority, information technology, registry, consulting, mailing and printing services;
- to the Funds’ service providers, for example to the administrator, custodian and auditor for the Funds;
- to payment systems operators for the purpose of managing transactions through those payment systems;
- directly or indirectly (via a third party) to your financial adviser, advisory firm (or dealer group) or administrative firm or other person (as authorised by you, until such authorisation is expressly revoked by you in writing);
- to government or regulatory agencies/bodies (such as ASIC, ATO, AUSTRAC or a law enforcement agency) when required by Australian law or regulation;
- to external dispute resolution schemes and complaints bodies that assist consumers to resolve any complaints you have made to them;
- as required or authorised by law, regulation or by a court order; and
- to Platinum’s professional advisers such as our financial advisers, auditors and legal advisers for the purposes of obtaining their professional services (in the case of our legal advisers, these services will include assessing our legal obligations and defending any legal claims or potential claims).
The Corporations Act requires us to keep your name and address on a register, which may be inspected by any person on request.
In order to use and disclose your personal information for the purposes stated above, we may be required to transfer your personal information to entities located outside of Australia where your personal information may not receive the level of protection afforded under Australian law. By completing the Application Form, you consent to your personal information being transferred overseas for these purposes.
By completing the Application Form, you also consent to receiving commercial electronic messages from Platinum and its related bodies corporates regarding the Funds and other similar financial products and/or services offered by Platinum and/or its
related bodies corporates.
Our privacy policy, which is available at www.platinum.com.au/privacy explains how you may access and correct personal information that we hold about you. It also sets out how you may contact us to complain about a breach of the Privacy Act 1988 (Cth) and how we will deal with such a complaint.
If you have any questions or concerns about privacy or if you would like further information about our privacy practices, please contact our Privacy Officer using the following details:
Platinum Asset Management
Level 8, 7 Macquarie Place
Sydney NSW 2000
Australia
Telephone: 1300 726 700 or 02 9255 7500
Facsimile: 02 9254 5590
Email: [email protected]