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varenthosila Financial Services

Empowering Queensland's startup ecosystem through strategic financial partnerships

Privacy Policy

Your privacy matters to us. We're committed to protecting your personal information and being transparent about how we collect, use, and safeguard your data.

Last Updated: March 15, 2025

Introduction

varenthosila ("we," "our," or "us") operates as a comprehensive finances platform focused on the startup ecosystem. This Privacy Policy explains how we collect, use, disclose, and safeguard your personal information when you visit our website varenthosila.com or use our services.

This policy applies to all users of our platform, including visitors, registered users, and participants in our learning programs. By accessing or using our services, you acknowledge that you have read, understood, and agree to be bound by this Privacy Policy.

This Privacy Policy complies with the Australian Privacy Principles (APPs) under the Privacy Act 1988 (Cth) and other applicable Australian privacy laws.

Information We Collect

Personal Information

We collect various types of personal information to provide and improve our services. The information we collect includes:

  • Contact details such as name, email address, phone number, and postal address
  • Account information including username, password, and profile preferences
  • Financial information relevant to our educational services and platform usage
  • Professional background information for program customization
  • Communication records including support tickets and feedback

Automatically Collected Information

When you visit our website or use our services, we automatically collect certain information through cookies and similar tracking technologies:

Information Type Purpose Retention Period
IP Address & Location Data Security, analytics, and regional customization 12 months
Device Information Platform optimization and compatibility 6 months
Usage Analytics Service improvement and user experience enhancement 24 months
Session Data Authentication and security monitoring 30 days

How We Use Your Information

We use the collected information for various legitimate business purposes, always ensuring compliance with Australian privacy laws. Our primary uses include:

Service Provision and Enhancement

  • Delivering personalized educational content and platform experiences
  • Processing enrollment in learning programs and managing your participation
  • Providing customer support and responding to your inquiries
  • Analyzing platform usage to improve our services and develop new features

Communication and Marketing

With your consent, we may use your information to send you updates about our services, educational opportunities, and relevant industry insights. You can opt out of marketing communications at any time through your account settings or by contacting us directly.

Information Sharing and Disclosure

We respect your privacy and do not sell, rent, or trade your personal information. We may share your information only in the following circumstances:

Service Providers and Business Partners

We work with carefully selected third-party service providers who assist us in delivering our services. These providers are contractually obligated to protect your information and use it only for the specified purposes. This includes:

  • Cloud hosting and data storage providers operating within Australia or under adequate privacy protection frameworks
  • Payment processing services that comply with PCI DSS standards
  • Email communication platforms for delivering educational content and updates
  • Analytics providers to help us understand platform usage and improve user experience

Legal Requirements

We may disclose your information when required by Australian law, court order, or government regulation. We will notify you of such disclosure unless prohibited by law or when disclosure is necessary to protect our rights or the safety of others.

Your Privacy Rights

Under Australian privacy law, you have several important rights regarding your personal information. We're committed to helping you exercise these rights effectively.

Access Your Information

You can request access to the personal information we hold about you. We'll provide this information within 30 days of your request, subject to identity verification.

Correct Your Information

If you believe any information we hold is inaccurate or incomplete, you can request corrections. We'll update your information promptly upon verification.

Delete Your Information

You can request deletion of your personal information, subject to certain legal and business requirements. We'll explain any limitations that may apply to your request.

Object to Processing

You can object to certain types of data processing, including direct marketing. We'll respect your preferences and adjust our practices accordingly.

To exercise any of these rights, please contact our Privacy Officer using the information provided at the end of this policy. We may require verification of your identity before processing your request.

Data Security and Protection

We implement comprehensive security measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. Our security framework includes:

Technical Safeguards

  • End-to-end encryption for data transmission and secure storage protocols
  • Regular security audits and penetration testing by independent security firms
  • Multi-factor authentication for account access and administrative functions
  • Automated monitoring systems for detecting and responding to security threats

Organizational Measures

Our team receives regular privacy and security training. Access to personal information is restricted to authorized personnel who need it for legitimate business purposes. We maintain detailed logs of data access and implement strict internal controls.

Data Retention and Deletion

We retain your personal information only as long as necessary to fulfill the purposes for which it was collected and to comply with legal obligations. Our retention practices are designed to balance your privacy interests with our legitimate business needs.

Retention Periods

  • Account information: Retained for the duration of your active account plus 7 years after closure for legal compliance
  • Communication records: Kept for 3 years to maintain service quality and resolve disputes
  • Financial transaction data: Retained for 7 years as required by Australian tax and business laws
  • Marketing communications: Stored until you withdraw consent or 5 years of inactivity

When retention periods expire, we securely delete or anonymize your information. You can request earlier deletion in certain circumstances, though some information may need to be retained for legal compliance.

International Data Transfers

While we primarily store and process your data within Australia, some of our service providers may be located overseas. When we transfer data internationally, we ensure appropriate safeguards are in place.

We only transfer data to countries with adequate privacy protection or under binding agreements that provide equivalent protection to Australian privacy laws. You'll be notified if your data is transferred to countries without adequate protection, and your consent will be obtained where required.

Cookies and Tracking Technologies

We use cookies and similar technologies to enhance your experience on our platform. These technologies help us understand how you interact with our services and improve functionality.

Types of Cookies We Use

  • Essential cookies: Required for basic platform functionality and security
  • Analytics cookies: Help us understand user behavior and improve our services
  • Preference cookies: Remember your settings and customization choices
  • Marketing cookies: Used with your consent to deliver relevant content and advertisements

You can manage your cookie preferences through your browser settings or our cookie management interface. Note that disabling certain cookies may affect platform functionality.

Changes to This Privacy Policy

We may update this Privacy Policy periodically to reflect changes in our practices, technology, or legal requirements. We'll notify you of significant changes through email or prominent notice on our platform.

Your continued use of our services after policy changes indicates your acceptance of the updated terms. We encourage you to review this policy regularly to stay informed about how we protect your privacy.

Privacy Complaints and Disputes

If you have concerns about how we handle your personal information, we want to resolve them promptly and fairly. Our complaint resolution process includes:

  • Initial review and acknowledgment of your complaint within 5 business days
  • Thorough investigation by our Privacy Officer with response within 30 days
  • Clear explanation of our findings and any remedial actions taken
  • Information about external complaint options if you're not satisfied with our response

If you're not satisfied with our response, you can lodge a complaint with the Office of the Australian Information Commissioner (OAIC) at www.oaic.gov.au or by calling 1300 363 992.

Contact Our Privacy Officer

For any privacy-related questions, concerns, or requests, please contact our Privacy Officer:

Address: 2 Union St, Toowoomba City QLD 4350, Australia

Phone: +61417508207

Email: privacy@varenthosila.com

We're committed to responding to your inquiries promptly and helping you understand and exercise your privacy rights.