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Privacy Policy

Last Updated: March 2025

At sylsorayte, we're pretty serious about protecting your personal information. This policy explains how we collect, use, and safeguard your data when you interact with our financial services. We've written this in plain English because legal jargon helps no one.

Information We Collect

When you engage with sylsorayte's financial services, we collect different types of information. Some you provide directly, and some we gather as you use our platform.

Personal Information You Provide

  • Contact details: Your name, email address, phone number, and postal address
  • Financial information: Bank account details, transaction history, and payment information
  • Identity verification: Government-issued ID numbers, date of birth, and proof of address documentation
  • Business details: Company registration numbers, business structure, and trading information
  • Communication records: Emails, chat transcripts, and phone call recordings with our team

Information We Collect Automatically

When you visit our website or use our services, we automatically collect certain technical information. This includes your IP address, browser type, device information, and how you interact with our platform. We use cookies and similar tracking technologies—more on that below.

Australian Privacy Principles Compliance: We collect and handle your personal information in accordance with the Privacy Act 1988 (Cth) and the Australian Privacy Principles (APPs). You have specific rights under Australian law that we respect and uphold.

How We Use Your Information

We don't collect data just for the sake of it. Everything we gather serves a specific purpose related to providing you with better financial services.

Primary Uses

  • Service delivery: Processing transactions, managing your accounts, and providing the financial services you've requested
  • Verification and security: Confirming your identity, preventing fraud, and protecting both your interests and ours
  • Communication: Sending you service updates, responding to inquiries, and providing customer support
  • Compliance: Meeting legal obligations under Australian financial regulations, tax laws, and anti-money laundering requirements
  • Service improvement: Analyzing how our platform is used to enhance features and user experience

Marketing Communications

We might send you information about new services or features that could interest you. But here's the thing—you can opt out anytime. Every marketing email includes an unsubscribe link, and we'll process your request within 48 hours. We take these preferences seriously.

Data Sharing and Disclosure

We're not in the business of selling your data. However, running a financial services operation means we sometimes need to share information with specific parties.

When We Share Your Information

  • Service providers: Third-party companies that help us deliver services—payment processors, cloud hosting providers, and customer support platforms. These partners are contractually bound to protect your data.
  • Financial institutions: Banks and payment networks necessary for processing transactions
  • Legal requirements: Government agencies, regulators, or law enforcement when legally required to do so
  • Professional advisors: Lawyers, accountants, and auditors who help us run our business properly
  • Business transfers: If sylsorayte is acquired or merged, your information would transfer to the new entity

International Transfers: Some of our service providers operate outside Australia. When we transfer data internationally, we ensure adequate protections are in place through standard contractual clauses or other approved mechanisms under Australian privacy law.

Your Rights and Choices

Your data belongs to you. Australian privacy law gives you specific rights about how your personal information is handled.

Access and Correction

You can request a copy of the personal information we hold about you. If something's inaccurate or outdated, let us know and we'll fix it. We'll respond to access requests within 30 days, though complex requests might take longer.

Deletion and Restriction

Want us to delete your data? In most cases, we can do that. However, we might need to keep certain information for legal or regulatory reasons—like transaction records we're required to maintain for seven years under Australian tax law.

How to Exercise Your Rights

Email us at info@sylsorayte.com with your request. We'll verify your identity (to protect your information) and then process your request. If we can't fulfill a request for legal reasons, we'll explain why.

  • Include "Privacy Request" in your email subject line
  • Provide enough detail to identify your account
  • Specify what you're requesting—access, correction, deletion, etc.
  • Be prepared to verify your identity through security questions or documentation

Data Security Measures

We take security seriously because financial information is sensitive. Our approach combines technical safeguards, organizational policies, and ongoing monitoring.

Technical Protections

  • Encryption: All data transmitted between your device and our servers uses TLS encryption. Sensitive data at rest is also encrypted.
  • Access controls: Strict authentication requirements and role-based access mean employees only see data they need for their jobs
  • Network security: Firewalls, intrusion detection systems, and regular security testing protect our infrastructure
  • Regular audits: Third-party security assessments help us identify and address vulnerabilities

What You Can Do

Security is a shared responsibility. Use strong, unique passwords for your sylsorayte account. Enable two-factor authentication if available. And please, never share your login credentials with anyone—we'll never ask for your password via email or phone.

Data Retention

We don't keep your information forever. Different types of data have different retention periods based on business needs and legal requirements.

Data Type Retention Period Reason
Transaction records 7 years Tax and financial regulations
Identity verification documents 7 years after relationship ends Anti-money laundering requirements
Marketing communications data Until you opt out Consent-based processing
Account information 2 years after account closure Business operations and potential disputes
Website analytics 26 months Service improvement analysis

Once retention periods expire, we securely delete or anonymize your information so it can no longer identify you.

Cookies and Tracking Technologies

Like most websites, we use cookies. These small files help us remember your preferences, keep you logged in, and understand how people use our site.

Types of Cookies We Use

  • Essential cookies: Required for the website to function—like keeping you logged in as you navigate between pages
  • Analytics cookies: Help us understand which features are popular and which pages confuse people
  • Functional cookies: Remember your preferences and settings
  • Security cookies: Detect suspicious activity and protect your account

You can control cookies through your browser settings. Blocking all cookies might affect functionality—you might need to log in more frequently, for instance. But that's your call.

Children's Privacy

Our services are designed for adults. We don't knowingly collect personal information from anyone under 18. If you're a parent and believe your child has provided us with information, contact us immediately and we'll delete it.

Changes to This Policy

Privacy practices evolve, and regulations change. We'll update this policy when necessary. Material changes will be communicated via email or a prominent notice on our website. The "Last Updated" date at the top tells you when the most recent changes were made.

Continuing to use our services after policy changes means you accept the updated terms. If you disagree with changes, you can close your account—though we'd hate to see you go.

Complaints and Disputes

If you're unhappy with how we've handled your personal information, we want to know. First, contact our privacy team at info@sylsorayte.com. We'll investigate and respond within 30 days.

If you're not satisfied with our response, you have the right to lodge a complaint with the Office of the Australian Information Commissioner (OAIC). Their website is oaic.gov.au and they provide guidance on the complaints process.

Contact the OAIC: Phone: 1300 363 992 | Email: enquiries@oaic.gov.au | Website: www.oaic.gov.au

Questions About Privacy?

We're here to help. Reach out to our team at:
Email: info@sylsorayte.com
Phone: +61 408 404 955
Address: 8 High St, East Launceston TAS 7250, Australia