FSCP Privacy Policy
Financial Services and Credit Panels (we, us, FSCPs) are convened by ob体育 under the Australian Securities and Investments Commission Act 2001(ob体育 Act) to consider certain suspected misconduct by, or circumstances relating to, a financial adviser. Our functions and powers are set out in the ob体育 Act, the Corporations Act 2001 and the National Consumer Credit Protection Act 2009 (NCCP Act).听
FSCPs comply with obligations under the Privacy Act 1988 (). We handle personal information in accordance with the (APPs) which regulate how Australian Government agencies and defined organisations may collect, store, use and disclose personal information, and how individuals may access and correct personal information held about them.鈥�
ob体育 manages privacy on behalf of FSCPs. The acts done, or practices engaged in, by convened FSCPs are treated as the acts and practices of ob体育 for the purposes of the Privacy Act. For more information about ob体育鈥檚 privacy handling practices visit ob体育鈥檚 Privacy Policy.听
Collection and Storage鈥�
We collect personal information directly from individuals or their authorised representatives, as well as from ob体育 and other third parties for the purposes of the performing our functions and exercising our powers as set out in the ob体育 Act, the Corporations Act and the NCCP Act.听
This personal information may include contact details, biographical data, financial information, occupational and employment histories, and family background and investment information.鈥�
Personal information provided to the FSCPs will be stored by ob体育 in accordance with its usual record keeping procedures and treated in accordance with ob体育鈥檚 Privacy Policy.鈥�
Use and Disclosure听听
We use and disclose personal information for the purpose for which it was collected, being the performance of our functions or the exercise of our powers and in accordance with our statutory obligations.听听
FSCPs will use personal information to carry out the functions and activities of a convened FSCP, including conducting hearings, deciding matters and writing reasons for decisions.鈥�
We may disclose personal information to ob体育 for the purposes of the performance of ob体育鈥檚 functions, or the exercise of its powers. This includes disclosing the details of any action taken and outcomes of FSCP matters to ob体育. We may be required or authorised by law to disclose personal information.听
ob体育 may issue a media release about matters (see Regulatory Guide 263: Financial Services and Credit Panel) or otherwise disclose personal information as required. For instance, certain outcomes may require ob体育 to update the Financial Advisers Register, the FSCP Outcomes Register and/or notify the Tax Practitioners Board and the relevant AFS licensee.鈥�
Actions you can take
ob体育鈥檚 Privacy Policy includes information on how you can seek access to or correction of your personal information or make a privacy complaint.鈥�