Credit Reporting Policy
Australia
Effective: 3rd August 2020
This Credit Reporting Policy (“Policy”) applies to Wells Fargo International Finance(Australia) Pty Ltd. (ABN 51 611 029 148), and to other Wells Fargo entities who are credit
providers, or who receive credit eligibility information under the Privacy Act 1988 (Cth)(the “Privacy Act”) from time to time (collectively “Wells Fargo”, “us” or “we”).
This Policy sets out important information about credit reporting that is relevant to you ifWells Fargo deals with you in connection with credit applied for by, or provided to, a Wells
Fargo customer - for example, if you are a guarantor or proposed guarantor for that credit
or if you are a director of a customer obtaining credit. Wells Fargo is bound by Part IIIA of
the Privacy Act 1988 (Cth) ("Privacy Act") and the Privacy (Credit Reporting) Code (the“Code”), which govern credit reporting in Australia.
In order to make this Policy easier to read, we have only included general explanations ofcertain terms such as “credit information” and “credit eligibility information”. If you would
like to refer to the more detailed definitions in the Privacy Act and the Code, they areavailable on the website of the Office of the Australian Information Commissioner at
www.oaic.gov.au.
The purpose of this Policy is to explain:• the kinds of credit information and credit eligibility information that we collect and hold,and how we collect and hold it;• the purposes for which we collect, hold, use and disclose credit information and credit
eligibility information;• how you may access your credit information and credit eligibility information held by
us or request correction of that information;• how to make a complaint if you feel that we have not complied with Part IIIA of thePrivacy Act or with the Code, and how we will deal with such complaints; and• the circumstances in which we may disclose credit information and credit eligibility
information to overseas recipients and the countries where such recipients may belocated.
This Policy applies to any individual in relation to whom Wells Fargo holds credit
information or credit eligibility information no matter how they interact with us (e.g. online,in person or over the phone). The latest version of this Policy will be published on ourwebsite located at: www.wellsfargo.com/assets/pdf/personal/privacysecurity/australiacredit-reporting-policy-english.pdf.
For information about how we manage other information about you (“Personal Data”)
please see our International Privacy Notice available on our website located at:www.wellsfargo.com/assets/pdf/personal/privacy-security/australia-customerprivacynotice-english.pdf.
1. What kinds of credit information do we collect and hold?
Wells Fargo may collect and hold your credit information, examples of which include:• Identification information, such as your name, address, date of birth or employer.
• A note that we have made an information request about you with a credit reporting
body. An information request is when we ask a credit reporting body to provide us withcredit reporting information about you.

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The type of credit and the amount of credit sought in an application for credit inconnection with which we made an information request.
Default information about you. This is information about a payment owed by you in
connection with credit that remains overdue for more than 60 days and which we candisclose to a credit reporting body if certain requirements under the Privacy Act aremet.
Payment information about you. Payment information is a statement that anoverdue payment in relation to which default information was provided to a credit
reporting body has been paid.
Personal insolvency information about you. This is information recorded in theNational Personal Insolvency Index and relating to your bankruptcy, a debt agreement
proposal given by you, a debt agreement made by you, a personal insolvency
agreement executed by you, a direction given, or an order made, under the Bankruptcy
Act that relates to your property or an authority signed under the Bankruptcy Act that
relates to your property.
Publicly available information about you:o that relates to your activities in Australia or the external territories and yourcredit worthiness; ando that is not court proceedings information about you or information about youthat is entered or recorded in the National Personal Insolvency Index.
2. How do we collect credit information?
We collect credit information in a variety of ways, such as obtaining the relevant
information directly from you or by persons acting on your behalf (including on application
forms or other forms or in our ongoing dealings with you in connection with credit). Somecredit information will also be derived by us from transactions in connection with credit
related to you.
3. Exchanges of information about you with credit reporting bodies.
We may obtain credit reporting information about you from credit reporting bodies. Credit
reporting information includes:• credit information of the kinds listed under Section 1 above but relating primarily toyour dealings with other credit providers (such as about credit applications you havemade or credit that you hold with other credit providers), which information will
typically have been provided by other credit providers or other third parties; and• credit worthiness information about you that credit reporting bodies derive from theinformation above, such as credit scores, risk ratings and other evaluations about you.
We may also disclose Personal Data about you (including your credit information relating
to your dealings with us) to credit reporting bodies. Those credit reporting bodies may
include that information in reports that they provide to other credit providers to assist
them to assess your credit worthiness. For example, we will provide information thatidentifies you and about your application for credit when obtaining credit reporting
information for the purposes of assessing that application.
Wells Fargo discloses credit information to the following credit reporting bodies:
Equifax Australia Information Services and Solutions Pty Limited(ABN 26 000 602 862)
https://www.vedacheck.com/
Level 15, 100 Arthur Street
North Sydney NSW 2060
Australia2These credit reporting bodies are each required to have a policy which explains how they
will manage your credit-related Personal Data. If you would like to read the policies ofthese credit reporting bodies please visit their websites and follow the "Privacy" links, or
you can contact them directly for further information.
You have the right to request these credit reporting bodies to exclude your credit reporting
information from: (a) being used by such bodies in connection with prescreening for direct
marketing requested by a credit provider; and (b) any permissible direct marketing
activities Wells Fargo may request such bodies to perform. You should contact eachrelevant credit reporting body directly if you wish to request this.
You also have the right to request credit reporting bodies not to use or disclose your creditreporting information if you believe that you have been, or are likely to be, the victim offraud (for example, you suspect someone is using your identity details to apply for credit).
You must contact the credit reporting bodies directly should this be the case.
4.
What kinds of credit worthiness information do we derive from credit
reporting information?
We utilise credit reporting information obtained from credit reporting bodies to derive otherinformation that assists us in assessing your creditworthiness, for example, credit risk
ratings and credit scores.
5.
How do we hold and protect credit information and credit eligibility
information?
Wells Fargo will take appropriate measures so that Personal Data (including credit
information and credit eligibility information) can kept accurate, and up-to-date, and suchmeasures will be in accordance with the applicable security requirements. Appropriate
measures are taken so that Personal Data can be kept accurate, and up-to-date, which
will be in accordance with the applicable security requirements. In an effort to prevent theloss, misuse, unauthorized access, disclosure, alteration or destruction of Personal Data,
Wells Fargo will take appropriate legal, organizational and technical measures to protect
Personal Data.
6.
For what purposes do we collect, hold, use and disclose credit informationand credit eligibility information?
Wells Fargo collects, holds, uses and discloses credit information and credit eligibility
information about you for purposes reasonably necessary for our business activities andconsistently with the requirements in the Privacy Act as permitted by law. These purposes
include:• to assess applications for credit (including assessing any proposed guarantors);• for the ongoing servicing and administration of our accounts and products;• to assist with the management, including recovery, of outstanding debts;• to assist you if we consider that you or any other person may be at risk of default;• internal management purposes;• for data analysis;• to participate in the credit reporting system and provide information to credit reporting
bodies as permitted by the Privacy Act;• to undertake securitisation activities and debt assignments;• to deal with complaints and legal proceedings;• to meet our legal and regulatory requirements (such as reporting matters to regulators
or enforcement bodies when authorised or required by law); and3

to assist other credit providers with such purposes in circumstances permitted by thePrivacy Act (such as disclosing information to another credit provider with yourconsent).
Restrictions apply under the Privacy Act in relation to the circumstances and purposes forwhich such information may be used or disclosed and we comply with these restrictions.
For example, credit eligibility information may not be disclosed to some types of overseas
entities and restrictions apply on the use of credit eligibility information for directmarketing.
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Will we be disclosing your credit information or credit eligibility
information to overseas organisations?
As is the case throughout the Australian financial services industry (and other majorindustries), technology allows for services to be provided by different service providers
including some that are located overseas. We utilise overseas service providers for someof our activities and to do so we may need to disclose credit information or credit eligibility
information to those service providers. We may also disclose such information to otheroverseas recipients for the purposes listed above when permitted to do so by the Privacy
Act. Although it is not practicable to list every country that such recipients may be locatedin, these countries may include the United States, Hong Kong, India, Japan, thePhilippines, Singapore, and the United Kingdom.
8.
How can you access/correct credit information and/or credit eligibility
information we hold about you?
You have the right to access and correct any including credit information and credit
eligibility information we hold about you. Requests to access or correct any such data mustbe submitted by you in writing to the point of contact listed below.
APAC Data Privacy Officer
27th Floor, 3 Pacific Place
1 Queens Road East, Admiralty
Hong Kong
privacy.apac@wellsfargo.com
Telephone: (852) 3650-8000
After we have verified your identity, we will endeavour to provide the information and takethe other actions requested as specified by local law, and, where permitted by law, we
may charge an appropriate fee to cover the costs of responding to the request.
In certain situations, we may not agree to a request to correct information we hold aboutyou. If this occurs we will advise you of this and our reason for not agreeing to thecorrection request in writing.
9. How can you make a complaint about our compliance with our credit reporting
obligations and how will we deal with such a complaint?
If you believe that we have failed to comply with the credit reporting requirements in Part
IIIA of the Privacy Act or the Code, please submit your complaint in writing to Wells Fargo’s
APAC Data Privacy Officer as listed in Section 8 above. We will respond to a written
complaint within 30 days.
You may also refer the matter to the Office of the Australian Information Commissioner(the "OAIC"). The contact details for the OAIC are:
The Office of the Australian Information Commissioner
GPO Box 5218

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Sydney NSW 2001
Australia
Phone: 1300 363 992
Fax: 02 9284 9666
Website: www.oaic.gov.au
10. Contact details
For any general inquiries or complaints (i.e. not privacy related) regarding Commercial
Distribution Finance products, please phone 1-800-133-580, or contact your RelationshipManager.

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