Consent for Electronic Identity Verification

Before we can provide you with financial products or services, we're required under Australian law, in particular the Anti-Money Laundering and Counter Terrorism Financing Act (AML/CTF Laws), to collect information from you to verify your identity. 

There are two ways we can verify your identification, through electronic verification or manual verification. Whichever method used, the personal information your provide to us will be handled in accordance withour Privacy Policy. 

It is an offence under the AML/CTF Act to provide false or misleading information or documents, or forge documents for use in the verification or re-verification of your identity. If we cannot verify or re-verify your identity by way of Electronic Verification or Manual Document Verification, we will not be able to provide you with any financial products or services.

Electronic Verification

Electronic verification allows us to verify your identity by using electronic tools and external data sources. There may also be times where we will use your personal information or request further information to re-identify you. 

In order to verify your identity electronically, we will require certain personal information from you including: 

• name; 

• address; 

• date of birth; and 

• details and copies of your identification documents and other biometric identification information. 

This information will be passed on to an external service provide to electronically match your information with information on their databases to determine whether all or some of the information you provided matches their records. The external service provided will include a gateway service provider (please refer to https://www.idmatch.gov.au/) to manage the matching process. 

It's important to note that Electronic Verification is not a credit report and does not impact your credit file or your credit eligibility. 

To complete Electronic Verification, you need to: 

• be 18 years or over; 

• have an Australian residential address; 

• hold an acceptable form of identification (see below); and 

• consent to your identity being verified in this way.

External Data Sources 

External Data Sources that may be used, via an external service provider and/or the Commonwealth Government Document Verification Service, for the purpose of Electronic Verification include but are not limited to:

• Passport and drivers license registries (i.e. information held by the official record holder e.g. Vicroads) etc.

• Australian Electoral Commission

• Credit reporting bureaus (only to confirm your identity)

• Publicly available information such as the white pages

You can revoke your consent to Electronic Verification at any time by emailing us at investors@silcgroup.com. However, to be able to provide or continue to provide you with any financial products or services thereafter, you will be required to use Manual Verification.

Manual Verification 

If you are not comfortable providing consent for electronic verification, manual verification is available. However, the manual verification method of verification does take a little longer to complete as we need to review and take original certified copies of your identification documents. The types of documents we may need to review in this way are listed in the Application Form which you have completed as part of your investment with us. 

Consent

I/We hereby provide consent and authority for Specialised Investment and Lending Corporation Pty Ltd and its related entity (SILC) to provide and use my personal information (including my passport details) for the purpose of meeting SILC’s obligations under Australian law in relation to identity verification, particularly under the AML/CTFLaws.