Vestinit Ventures Australia Pty Ltd ACN 123 456 789 ("Vestinit", "we", "us" or "our") operates the Vestinit Ventures platform at vestinit.ventures and vestinit.com.au (the "Platform").
This Privacy Policy explains how we collect, use, disclose and protect personal information in accordance with the Privacy Act 1988 (Cth) and the Australian Privacy Principles (APPs). For users in the United Kingdom and European Economic Area, we also comply with the UK General Data Protection Regulation (UK GDPR) and the EU General Data Protection Regulation 2016/679 (EU GDPR) respectively.
By accessing the Platform or providing us with personal information, you consent to the practices described in this policy. If you do not agree, please do not use the Platform.
| Category | Examples | Purpose |
|---|---|---|
| Identity | Full legal name, date of birth, nationality | Account registration, KYC/AML compliance |
| Contact | Email address, phone number, residential address | Account management, communications, KYC |
| Identity Documents | Driver's licence number, passport number, document images | Identity verification via Frankie One DVS |
| Financial | Investor classification, source of funds declarations, investment history | Suitability assessment, regulatory compliance |
| Professional | Occupation, employer, LinkedIn profile, net assets | Sophisticated investor qualification |
| Company (Issuers) | Company name, ACN/ABN, registered address, director details, financial statements | Listing assessment, due diligence |
When you use the Platform we may automatically collect: IP address, browser type, device identifiers, pages visited, time spent on pages, referring URLs and similar technical data. We use cookies and similar technologies as described in Section 9.
We may receive information about you from identity verification providers (Frankie One), payment processors, publicly available registers (ASIC, PPSR), credit reporting bodies and professional references you provide.
We use personal information only for the purposes for which it was collected or directly related purposes, including:
We do not sell personal information. We may disclose your information to:
All third parties are required to handle your information in accordance with applicable privacy laws and our instructions.
Personal information is stored on servers located in Australia and/or the United States (AWS infrastructure). We implement appropriate technical and organisational measures to protect your data, including:
No transmission over the internet is 100% secure. While we take all reasonable steps to protect your information, we cannot guarantee absolute security.
| Data Type | Retention Period | Reason |
|---|---|---|
| KYC / identity documents | 7 years after account closure | AML/CTF Act obligations |
| Investment records and expressions of interest | 7 years after transaction | Corporations Act, tax law |
| NDA records | Duration of NDA + 2 years | Contractual obligations |
| Account information | 7 years after account closure | Legal and regulatory compliance |
| Marketing preferences | Until opt-out or account closure | Consent management |
| Server logs | 12 months | Security and fraud prevention |
After the applicable retention period, personal information is securely deleted or de-identified.
Under the Privacy Act 1988 (Cth) and the Australian Privacy Principles, you have the right to:
To exercise these rights, contact us at privacy@vestinit.ventures. We will respond within 30 days.
If you are located in the United Kingdom or European Economic Area, you have additional rights under the UK GDPR / EU GDPR:
Our lawful bases for processing under GDPR are: (a) performance of a contract, (b) compliance with legal obligations, (c) legitimate interests, and (d) consent (for marketing communications). To exercise your rights or lodge a complaint, contact privacy@vestinit.ventures or contact your national data protection authority.
We use cookies and similar technologies on the Platform. Please refer to our Cookie Policy for full details. In summary:
The Platform may contain links to third-party websites or services. This policy does not apply to those services. We are not responsible for the privacy practices of third parties. You should review their policies before providing personal information.
We may transfer personal information to service providers located outside Australia, including the United States (AWS), United Kingdom and European Union. Where we transfer personal information internationally, we take steps to ensure recipients are bound by privacy obligations comparable to those in Australia, including through contractual clauses or adequacy decisions.
For transfers to the UK/EU from outside those jurisdictions, we rely on standard contractual clauses (SCCs) approved by the European Commission and UK Information Commissioner's Office (ICO).
The Platform is not directed at persons under 18 years of age. We do not knowingly collect personal information from minors. If you believe we have inadvertently collected information from a child under 18, please contact us immediately and we will delete it.
This Privacy Policy may be updated from time to time. Material changes will be notified by email and/or a notice on the Platform. The current version is always available at this URL.