- Must be working.
- Earning at least $250.00 net per week.
- Your salary or wage must go electronically into a bank account.
The information contained in this website is for general information purposes only. This information is provided by Moneyplus and whilst we endeavour to keep the information up-to-date and correct, Moneyplus gives no warranty and accepts no responsibility for the accuracy or the completeness of the material. Any reliance the user place on such information is therefore strictly at their own risk.
Moneyplus reserves the right at any time to make changes, as it deems appropriate. Links to other websites are inserted for convenience and inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
* Due to the large volume of online applications, there can be a 24 hours delay in processing your application. If you need cash fast, we suggest applying at one of our Branches.
** Subject to all documents being provided.
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Privacy Policy
Paymay Pty Ltd
1. Introduction
This Policy applies to Paymay Pty Ltd ACN 137 270 369 (referred to as Paymay, we, our, us) and covers all of its operations and functions.
All Third Parties (including customers, supplies, sub-contractors, or agents) that have access to or use personal information collected and held by Paymay, moneyplus or Abaz must comply with this Privacy Policy. Paymay makes this Policy available free of charge and can be downloaded from www.moneyplus.com.au
This Policy outlines Paymays obligations to manage and protect personal information. We are is bound by the Australian Privacy Principles ('APPs') and Guidelines, the Credit Reporting Privacy Code ('the Code') and the Privacy Act 1988 ('Privacy Act'). This Policy also outlines our practices, procedures and systems to ensure compliance with the Privacy Act, APPs, Guidelines and the Code.
2. WHAT KIND OF PERSONAL INFORMATION DO WE COLLECT AND HOLD?
We may collect and hold the following kinds of personal information about individuals:
3. HOW WE COLLECT PERSONAL INFORMATION
We generally collect personal information directly from the individual. For example, personal information will be collected when an individual applies for credit or opens an account with us, visits our website, or sends us correspondence. Sometimes we may need to collect personal information about an individual from a third party, such as other credit providers or a credit reporting body ("CRB"). When we are provided with personal information from a third party, we will take reasonable steps to ensure that the individual is made aware of the matters set out in this Privacy Policy.
We will not collect sensitive information unless the individual has consented or an exemption under the APPs applies. These exceptions include if the collection is required or authorised by law or necessary to take appropriate action in relation to suspected unlawful activity or serious misconduct.
If the personal information we request is not provided, we may not be able to process an individual's application for credit, or meet an individual's needs appropriately.
We do not give individuals the option of dealing with them anonymously, or under a pseudonym. This is because it is impractical, and in some circumstances actually illegal, for us to deal with individuals who are not identified.
4. UNSOLICITED PERSONAL INFORMATION
We may receive unsolicited personal information about individuals, We are required to notify the Privacy Officer of all unsolicited personal information received by them. We destroy or de-identify all unsolicited personal information, unless the personal information is relevant to our purposes for collecting personal information.
5. ABOUT WHOM DO WE COLLECT PERSONAL INFORMATION?
We may collect personal information about the following individuals:
6. WEBSITE COLLECTION
We collect personal information from our website (www.moneyplus.com.au) when we receive emails and online account application forms. We may also use third parties to analyse traffic at that web site, which may involve the use of cookies. Information collected through such analysis is anonymous. Our website privacy policy can be accessed on our website,www.moneyplus.com.au
7. WHY DOES PAYMAY COLLECT AND HOLD PERSONAL INFORMATION?
We may collect and hold information about individuals for the following purposes:
8. HOW MIGHT WE USE AND DISCLOSE PERSONAL INFORMATION?
We may use and disclose personal information for the primary purposes for which it is collected, for reasonably expected secondary purposes which are related to the primary purpose and in other circumstances authorised by the Privacy Act.
We use and disclose personal information, excluding credit information, for the purposes outlined in section 7 above. Sensitive information will be used and disclosed only for the purpose for which it was provided or a directly related secondary purpose, unless the individual agrees otherwise, or where certain other limited circumstances apply (e.g., where required by law). Such a directly related purpose may also include updated information, such as changed employment details, during the life of a loan (including where a default or fees remain unpaid). You should note that we may need to contact previous employers where this is relevant to a current loan or application.
We engage other people to perform services for us, which may involve that person handling personal information we hold. In these situations, we prohibit that person from using personal information about the individual except for the specific purpose for which we supply it. We prohibit that person from using your information for the purposes of direct marketing their products or services.
In relation to sensitive information held by us, wherever possible, Paymay will attempt to de-identify the information. We also undertake to delete all personal information about an individual when it is no longer needed or relevant.
9. TO WHOM MIGHT WE DISCLOSE PERSONAL INFORMATION?
We may disclose personal information, excluding credit information, to:
Also If we collect personal information from these organisations and individuals we will deal with that information in accordance with this Policy.
10. HOW MIGHT WE USE AND DISCLOSE CREDIT INFORMATION?
In relation to credit information held by us, we will only use and disclose credit information for the following purposes:
We will only disclose credit information to the following recipients:
If we intend to provide default information about an individual to a CRB, we will give the individual at least 14 days written notice. If we disclose default information to a CRB, and the individual subsequently repays the amount owed, we will tell the CRB the individual has repaid the amount owing. We will not disclose credit repayment history information to the CRB which is more than 2 years old.
11. SENDING INFORMATION OVERSEAS
We do not disclose personal information to overseas entities, unless:
12. MANAGEMENT OF PERSONAL INFORMATION
The APPs require us to take all reasonable steps to protect the security of personal information, including credit information. Our employees and credit representatives must respect the confidentiality of the personal information we collect.
We take reasonable steps to protect personal information by storing it in a secure environment. We may store your personal information in paper and electronic form. We will also take reasonable steps to protect any personal information from misuse, loss and unauthorised access, modification or disclosure. In relation to our customer database, we apply the following guidelines:
Where we no longer require personal information we will take reasonable steps to destroy it.
13. DIRECT MARKETING
Paymay does not use personal information for the purposes of direct marketing, unless:
If the individual would not reasonably expect us to use or disclose the information for the purpose of direct marketing, we may only use or disclose that information for direct marketing if the individual has consented to the use or disclosure of the information for direct marketing or it is impracticable to obtain that consent.
In relation to sensitive information, we may only use or disclose sensitive information about an individual for the purpose of direct marketing if the individual has consented to the use or disclosure of the information for that purpose. We will not use or disclose credit information for the purposes of direct marketing except as mentioned above
Individuals have the right to request to opt out of direct marketing and we must give effect to the request within a reasonable period of time.
Individuals may also request that we provide them with the source of their information. If such a request is made, Paymay must notify the individual of the source of the information free of charge within a reasonable period of time.
14. RETRIEVAL OF BANK STATEMENT DATA
We have nominated Illion bank statements as our external bank statement retrieval provider to retrieve and review your bank statement(s), as required by law to assess your loan application. The below outlines your rights and obligations to using this automated bank statement retrieval service
By entering your login details, you agree to the terms:
For further information please visit https://bankstatements.com.au or call (08) 7122 9452
15. IDENTIFIERS
We will not use identifiers assigned by the Government, such as a tax file number, Medicare number, passport number or drivers licence number., for our own file recording purposes, unless one of the exemptions in the Privacy Act applies. Paymay endeavours to avoid data-matching. We do not disclose this information unless permitted by law. We may use Government identifiers to verify your identity when you deal with us.
16. HOW DO WE KEEP PERSONAL INFORMATION ACCURATE AND UP-TO-DATE?
We take reasonable steps to ensure that the personal information, including credit information, we collect, use and disclose is relevant, accurate, complete and up-to-date.
We encourage individuals to contact us in order to update any personal information we hold about them. If we correct information that has previously been disclosed to another entity, we will notify the other entity within a reasonable period of the correction. Where we are satisfied information is inaccurate, we will take reasonable steps to correct the information within 30 days, unless the individual agrees otherwise. We do not charge individuals for correcting the information.
17. YOU HAVE THE ABILITY TO GAIN ACCESS TO YOUR PERSONAL INFORMATION
Subject to the exceptions set out in the Privacy Act, individuals may gain access to the personal information, including credit information, which we hold about them by contacting the Privacy Officer; Rose Gundogan , phone (02) 9676 1974 or e-mail headoffice@moneyplus.com.au. We will provide access within 30 days of the individual's request. If we refuse to provide access, we will provide reasons for the refusal.
The individual will be able to look at his or her personal information at our head office or other offices as agreed beforehand. We will require identity verification and specification of what information is required. An administrative fee for search and photocopying costs may be charged for providing access.
18. UPDATES TO THIS POLICY
This Policy will be reviewed from time to time to take account of new laws and technology, changes to our operations and the business environment.
19. RESPONSIBILITIES
It is the responsibility of our management to inform employees and other relevant parties that the Privacy Policy is maintained and enforced. Management must ensure that they periodically advise our employees and other relevant Third Parties of any changes to the Privacy Policy.
It is the responsibility of all employees and other relevant parties to ensure that they understand and comply with this Privacy Policy.
Ignorance of the existence of the Privacy Policy will not be an acceptable excuse for non-compliance.
20. PRIVACY TRAINING
All new employees are provided with timely and appropriate access to Paymay's Privacy Policy. All employees are provided with opportunities to attend privacy training, which covers our obligations under the Act, the APPs and Guidelines and the Code. Employees must ensure that they understand the Privacy related issues that could adversely affect Paymay and its customers if not properly handled.
21. NON-COMPLIANCE AND DISCIPLINARY ACTIONS
Privacy breaches must be reported immediately to management by employees and relevant Third Parties. Employees or other relevant Third Parties that do not comply with our Privacy Policy may be subject to disciplinary action.
22. COMPLAINTS HANDLING
We have an effective complaints handling process in place to manage privacy risks and issues.
The incidents/complaints handling process involves:
Individuals can make a complaint to us about the handling of their personal information, including credit information, by lodging a complaint with the Privacy Officer.
If you are unsatisfied with our response to your complaint, you can contact the Australian Financial Complaints Authority ('AFCA') for an independent review. You can make a complaint by visiting AFCA's website www.afca.org.au.
23. CONTRACTUAL ARRANGEMENTS WITH THIRD PARTIES
We must ensure that all contractual arrangements with third parties adequately address privacy issues. We will make third parties aware of this Privacy Policy.
Third parties will be required to implement policies to ensure they comply with the Privacy Act, including:
24. PRIVACY AUDITS
Paymay will conduct periodic privacy audits in order to ensure that it is continuing to comply with its obligations under the APPs.
25. INQUIRIES AND COMPLAINTS
If you have any questions about our privacy procedures, or if you wish to make a complaint about how we have dealt with your personal information (including credit information) you may lodge a complaint with us in any of the following ways:
26. WHAT IF I AM NOT SATISFIED WITH THE RESPONSE?
If you are not satisfied with the result of your complaint to us you can also refer your complaint to the Office of the Australian Information Commissioner (OAIC).
You can contact the Office of the Australian Information Commissioner:
27. CHANGE IN OUR PRIVACY POLICY
We are constantly reviewing all of our policies and attempt to keep up to date with market expectations. Technology is constantly changing, as is the law and market place practices.
As a consequence we may change this privacy policy from time to time or as the need arises. Paymay will take reasonable steps to inform you of changes to the policy.
You may request this privacy policy in an alternative form.
This Privacy Policy came into existence on 12 March 2014 and has been amended as required.
Updated September 2021
Target Market Determination for SACC, MACC and OACC
Small Amount Credit Contracts
DATE
The date from which this document is effective is 5 October 2021
The document was reviewed and amended on 4 May 2022
INTRODUCTION
This document is intended to comply with our obligations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, which requires the determination of a target market for our products, and associated purposes. It will give the consumer assistance in determining whether the product is aimed at them, whilst at the same time allowing us to gauge whether the products are meeting their intended market. This document is called the Target Market Determination, hereinafter referred to as “TMD”.
It is also intended to provide consumers, and where appropriate, distributors with an understanding of the class of consumers for which the product has been designed. It takes into account the objectives, needs and financial situation of those members of the target market.
This TMD is not intended to replace other documents related to the products provided by us which set out the terms and conditions relating to the product upon which we expect you to rely when making a decision about applying for the product, including, and in particular, the contract document which will be sent to you prior to you entering into an agreement with us.
PRODUCT
The product to which the TMD relates is the SMALL AMOUNT CREDIT CONTRACT (“SACC”) offered by us, as that term is defined in section 5 of the National Consumer Credit Protection Act 2009, that is, loans in which:-
TARGET MARKET
SACCs have been designed for consumers who:
These are regarded as the key attributes of the loan.
CONDITIONS AND RESTRICTIONS ON SUPPLY
We will not supply a SACC to any consumer:
HOW WILL WE KNOW IF THE PRODUCT IS NOT MEETING THE TARGET?
Based on the description of the target market above, we believe that it is unlikely that the product will not meet the target market. Nevertheless, we will maintain a watch on the consumers who access the loans to ensure that the majority are within the target market. If they are not, we will review the product and change its key attributes to ensure that the target market is met.
DISTRIBUTION
It is intended that the sole method of distribution to consumers will be by us, as the credit provider, alone. Access will primarily be by way of our website or by making direct contact with us. We do not have authorised representatives, or agents for the purposes of distribution.
REVIEW
We will review this TMD on the occurrence of any of the following triggering events
significant dealing. We will consider whether there has been a significant dealing:
A triggering event will require the review to be undertaken within one month.
REPORTING
As noted above, we do not use distributors in the provision of SACCs to consumers. As a result, whilst the law requires a TMD to set out what information must be provided by distributors to us, in our view, this is not necessary. The TMD will be revisited if we commence distribution through a distribution network.
TMD SACC Ver 4 May 2022
Target Market Determination for SACC, MACC and OACC
Medium Amount Credit Contracts
DATE
The date from which this document is effective is 5 October 2021
The document was reviewed and amended on 4 May 2022
INTRODUCTION
This document is intended to comply with our obligations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, which requires the determination of a target market for our products, and associated purposes. It will give the consumer assistance in determining whether the product is aimed at them, whilst at the same time allowing us to gauge whether the products are meeting their intended market. This document is called the Target Market Determination, hereinafter referred to as “TMD”.
It is also intended to provide consumers, and where appropriate, distributors with an understanding of the class of consumers for which the product has been designed. It takes into account the objectives, needs and financial situation of those members of the target market.
This TMD is not intended to replace other documents related to the products provided by us which set out the terms and conditions relating to the product upon which we expect you to rely when making a decision about applying for the product, including, and in particular, the contract document which will be sent to you prior to you entering into an agreement with us.
PRODUCT
The product to which the TMD relates is the MEDIUM AMOUNT CREDIT CONTRACT (“MACC”) offered by us, as that term is defined in section 204 of the National Credit Code found in Schedule 1 of the Consumer Credit Protection Act 2009, that is, loans in which:-
TARGET MARKET
MACCs have been designed for consumers who:
These are regarded as the key attributes of the loan.
CONDITIONS AND RESTRICTIONS ON SUPPLY
We will not supply a MACC to any consumer:
HOW WILL WE KNOW IF THE PRODUCT IS NOT MEETING THE TARGET?
Based on the description of the target market above, we believe that it is unlikely that the product will not meet the target market. Nevertheless, we will maintain a watch on the consumers who access the loans to ensure that the majority are within the target market. If they are not, we will review the product and change its key attributes to ensure that the target market is met.
DISTRIBUTION
It is intended that the sole method of distribution to consumers will be by us, as the credit provider, alone. Access will primarily be by way of our website or by making direct contact with us. We do not have authorised representatives, or agents for the purposes of distribution.
REVIEW
We will review this TMD on the occurrence of any of the following triggering events
significant dealing. We will consider whether there has been a significant dealing:
A triggering event will require the review to be undertaken within one month.
REPORTING
As noted above, we do not use distributors in the provision of MACCs to consumers. As a result, whilst the law requires a TMD to set out what information must be provided by distributors to us, in our view, this is not necessary. The TMD will be revisited if we commence distribution through a distribution network.
TMD MACC Ver 4 May 2022
Target Market Determination for SACC, MACC and OACC
Other Amount Credit Contracts
DATE
The date from which this document is effective is 5 October 2021
The document was reviewed and amended on 4 May 2022
INTRODUCTION
This document is intended to comply with our obligations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, which requires the determination of a target market for our products, and associated purposes. It will give the consumer assistance in determining whether the product is aimed at them, whilst at the same time allowing us to gauge whether the products are meeting their intended market. This document is called the Target Market Determination, hereinafter referred to as “TMD”.
It is also intended to provide consumers, and where appropriate, distributors with an understanding of the class of consumers for which the product has been designed. It takes into account the objectives, needs and financial situation of those members of the target market.
This TMD is not intended to replace other documents related to the products provided by us which set out the terms and conditions relating to the product upon which we expect you to rely when making a decision about applying for the product, including, and in particular, the contract document which will be sent to you prior to you entering into an agreement with us.
PRODUCT
The product to which the TMD relates is the OTHER AMOUNT CREDIT CONTRACT (“OACC”) offered by us, that is, loans in which:-
TARGET MARKET
OACCs have been designed for consumers who:
These are regarded as the key attributes of the loan.
CONDITIONS AND RESTRICTIONS ON SUPPLY
We will not supply an OACC to any consumer:
HOW WILL WE KNOW IF THE PRODUCT IS NOT MEETING THE TARGET?
Based on the description of the target market above, we believe that it is unlikely that the product will not meet the target market. Nevertheless, we will maintain a watch on the consumers who access the loans to ensure that the majority are within the target market. If they are not, we will review the product and change its key attributes to ensure that the target market is met.
DISTRIBUTION
It is intended that the sole method of distribution to consumers will be by us, as the credit provider, alone. Access will primarily be by way of our website or by making direct contact with us. We do not have authorised representatives, or agents for the purposes of distribution.
REVIEW
We will review this TMD on the occurrence of any of the following triggering events
significant dealing. We will consider whether there has been a significant dealing:
A triggering event will require the review to be undertaken within one month.
REPORTING
As noted above, we do not use distributors in the provision of OACCs to consumers. As a result, whilst the law requires a TMD to set out what information must be provided by distributors to us, in our view, this is not necessary. The TMD will be revisited if we commence distribution through a distribution network.
TMD OACC Ver 4 May 2022
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