Privacy policy

The Snowball Effect (Australia) Pty Ltd (Snowball Effect, we, us, our) is committed to protecting your personal information. We have created this Privacy Policy to help you understand how and why we collect information from you, how we store it, how you can access and correct that information and when we might disclose information to other people.

This Privacy Policy does not limit or exclude your rights under the Privacy Act 1988 or the Australian Privacy Principles (APPs).

Application of this Privacy Policy

This Privacy Policy applies to all instances where we collect information about you.

Consent to the collection of your personal information

By accessing Snowball Effect's website (Website), contacting Snowball Effect and/or using the services offered by Snowball Effect (Services), you consent to the collection, use, disclosure, storage and processing of your information in accordance with this Privacy Policy.

Collection of your personal information

We will collect information submitted by you through the Website, information on your browsing activity when using the Website, any communication with Snowball Effect directly via writing, phone or email and information obtained through your use of the Services. We may supplement the information you provide us with information we receive from third parties.

Personal information we may collect

Personal information is any information or opinion about you by which you are, or may reasonably be, identified. We may collect the following personal information about you:

• Your name, email address, residential address, telephone number, gender, date of birth and password.
• Preference information such as a favourite list, transaction history and marketing preferences.
• Passport, driver's licence or other identifying documentation.
• Information on your business such as your company name and number, company size, business type and professional profile.
• Information that you provide to us when we communicate via writing, email or phone.
• Personal information about you obtained from third parties in accordance with this Privacy Policy.
• Other personal information required from time to time.

In addition to the information outlined above, we may collect certain financial information such as your bank account number and other financial information (Financial Information) from you.

We may also collect other information that is not personal information. This may include details of your browser, domain name, IP address, and the details of any website you linked from to the Website. This is further set out below in the section 'Use of Cookies'.

You have the option of not providing us with the above information when we ask for it. However, if you choose not to, you may not be able to utilise the Website or the Services.

Use of your personal information

The information about you that we collect may be used for a number of purposes relating to our business, which include:

• To assess and ascertain your suitability to register an account with us and utilise the Services.
• Performing the Services and any assistance required in connection with the Services.
• To satisfy our obligations arising from any contracts entered into between you and us.
• In the case of entrepreneurs or businesses seeking capital, to verify and approve the disclosures you make to potential investors.
• Provide you with information about us, products and services and new investment opportunities that we think may be of interest to you.
• In each case with your prior consent, to allow third parties with whom we have a business relationship (Business Partners) to provide you with information about products, services and other opportunities that they think may be of interest to you.
• To contact you to ensure customer satisfaction in respect of our role as the Service provider.
• To monitor, improve and administer the Website.
• Responding and following up on any queries, complaints or requests you might have made, and other customer care issues.
• Enable us to conduct surveys and analyse information pertaining to users of the Services and Website.
• To enable us to comply with our legal and regulatory obligations or in connection with legal proceedings, crime or fraud prevention, detection or prosecution.

You also consent to Snowball Effect collecting, using and disclosing your personal information for the following purposes:

• Verifying any information that you give to us (or information that we may collect from other sources) with third parties and third party databases, including Government agencies.
• Carrying out any checks so as to comply with any legal, governmental or regulatory requirement, including for the purposes of preventing fraud, money laundering and/or the financing of terrorism.

You authorise any third party to provide your personal information to us for any of these purposes.

You understand that if we disclose your personal information to a credit reporting agency, they may hold your information on their credit reporting database and use it for providing credit reporting services and for any other lawful purpose and they may disclose your information to their subscribers for the purpose of credit checking or debt collection or for any other lawful purpose.

Protecting your personal information

We will take reasonable steps to ensure that the personal information that we collect, use or disclose is accurate, complete, up-to-date and stored in a secure environment protected from unauthorised access, modification or disclosure.

Retention of your personal information

We will hold your personal information both before and after the cancellation of your account, but only for so long as we are lawfully entitled to do so.

Sharing your personal information

We will keep confidential all personal information collected about you. The only exceptions to this are:

• The disclosure relates to the purpose for which the information was collected.
• You have provided us with express consent to disclose your personal information.
• We may disclose certain personal information about you to businesses that you invest in through the Website or as part of our broking services.
• We may disclose certain personal information about you to third-party service-providers in the course of their provision of services to us. We will take reasonable steps to ensure that these service-providers are obligated to keep confidential any of your personal information that they receive and use.
• In each case with your prior consent, we may disclose or trade your information to our Business Partners in order to allow those Business Partners to provide you with information about products, services and other opportunities that they think may be of interest to you. Your Financial Information will not be disclosed to Business Partners or third parties for this purpose.
• Any person or organisation authorised by the Privacy Act 1988.
• Persons or organisations to whom we may be required to pass your personal information for the purposes of complying with any legal, governmental or regulatory requirement on us or in connection with legal proceedings, crime or fraud prevention (including for anti-money laundering purposes), detection or prosecution.
• In the event that we intend to enter into a major corporate transaction such as a sale of assets or control or we list on a stock exchange, we may disclose your personal information to third parties. If we disclose your personal information, we will take reasonable steps to ensure it remains confidential.

Overseas disclosure

In the course of our business, we may disclose your information to recipients based in New Zealand in accordance with our Privacy Policy. We have taken reasonable steps to ensure that such overseas recipients do not breach the APPs or are otherwise subject to a law which protects personal information in a manner substantially similar to that of the APPs.

Use of Cookies

We may set and access Cookies on your computer. "Cookies" are text files placed on your computer for the purpose of collecting non-personal visitor behaviour information and information about your operating system, domain name and IP address. The information collected is anonymous and is used for the purpose of understanding how you use the Website to enable us to enhance your online experience.

You can choose to enable or disable Cookies in your web browser. By default, your browser will accept Cookies, however this can be altered. In addition, you may delete Cookies that have already been placed on your hard drive. For further details please consult the help menu in your browser. Disabling or deleting Cookies may prevent you from using the full range of services available on the Website.

The use of Cookies by our partners, affiliates, advertisers or service providers are not covered by our Privacy Policy nor are we responsible for the reliability of the information published by them.

Accessing your personal information

If you are a member of Snowball Effect, you may access some of the personal information that we hold about you in the "Dashboard" section of the Website.

You may request access to all of the personal information that we hold about you by emailing [email protected] or by writing to:

Please quote your name and membership number along with a brief description of the information you would like a copy of.

Correction of your personal information

If the information held by us is inaccurate, incomplete or not up to date, you may ask us to correct the information.

You can do this by either personally updating the information contained within the "Dashboard" section of the Website or where this is not possible, you can advise us of the correct information by contacting us at one of the addresses described above.

Complaints

We encourage you to contact our Privacy Officer in the first instance if you have any complaint in relation to your information. You can contact our Privacy Officer at one of the addresses above.

Complaints are reported to our board and compliance committee and we endeavour to respond within a reasonably time.

You may also contact the Office of the Australian Information Commissioner at:

Changes to the Privacy Policy

We may change this Privacy Policy from time to time by uploading a new version on the Website.