Third Party Vendor Terms -  CreditorWatch

1. Definitions and Interpretation 

Agreement” means the Agreement for the Provision of Electronic Identity Verification Services between Verifi and the Entity and capitalized terms have the same meaning in this Schedule. 

 “Third Party Vendor” or “CreditorWatch” means CreditorWatch Holdings Pty Limited. 

Third Party Vendor Service” means the business entity verification services using data provided by the Third Party Vendor. 

  

2. Application 

2.1 The Entity agrees to be bound by the terms and conditions in these Third Party Vendor Terms from the earlier of the Entity first notifying Verifi that it intends to use or the Entity subscribing for, accessing the Third Party Vendor Database or the Third Party Vendor Services. 

2.2 Verifi may update these terms by posting the updated version on the Verifi Website. The version of these terms available on the Verifi Website as at the time that the Database or Third Party Vendor Service is used shall govern such use. 

 

3. Use of Third Party Vendor Database or Services 

3.1 Each business entity query will return the following response: 

a. Verification as to whether the business entity exists on a government register, and if it does exist, the details that are available on the register of the:  

  1. business entity’s directors and other key office holders, and the  
  2. shareholders or proprietors of the business entity including the extent of their interest or ownership, and the  
  3. business entity’s registered address and/or principal place of business.  

b. If the business entity has existed in the past and has since been de-registered or is suspended, a verification of its current status may be returned.  

3.2 All queries made during testing and using data supplied by CreditorWatch are chargeable. For the avoidance of doubt, any queries made against “test stubs” and not using any data supplied by CreditorWatch will not be charged the fee.  

3.3 Should you need to verify the identity of each of the business entity’s directors and other key office holders, and the shareholders or proprietors individually, you must obtain their personal details and their consent to disclose their personal details as part of an Identity Check for an individual person. Fees will apply for each of these individual verifications.  

 

4. CreditorWatch special terms  

4.1 You will not copy, reproduce, republish, download, display, post, modify, reverse engineer, sell, rent, lease, host, sub-license or create derivative works of the CreditorWatch data, including a credit risk product or any other analysis or report from the single use response you received.  

4.2 You must not make or purport to make any representation on CreditorWatch’s behalf without the express written consent of CreditorWatch.  

4.3 The intellectual property contained in the CreditorWatch service remains the property of CreditorWatch or any third parties including, but not limited to: the Australian Securities and Investments Commission (ASIC) and the Australian Business Register (ABR).  

4.4 Neither Verifi or CreditorWatch warrant or make any representations as to the completeness, accuracy, reliability or currency of the CreditorWatch data. You acknowledge that the CreditorWatch data could include false or irrelevant information, technical inaccuracies and/or typographical errors.  

4.5 Neither Verifi nor CreditorWatch make any warranty that:  

  1. Access to the CreditorWatch data will be uninterrupted, timely, secure, free of unauthorized code of other harmful components, or free of error or malfunction; or that  
  2. Errors or defects will be corrected or will be corrected within a specified period of time.  

4.6 The CreditorWatch data and service are provided by Verifi and CreditorWatch on an “as is, where is” basis.  

4.7 About CreditorWatch:  

  1. More details about CreditorWatch can be found on their website: https://creditorwatch.com.au/about-us  
  2.  CreditorsWatch’s Privacy Policy can be found on their website: https://creditorwatch.com.au/privacy