Each of the Client and the Guarantor acknowledge that information was provided by them to SHA for valuation by SHA of the financial standing and credit worthiness of the Client and the Guarantor and do hereby:

(a) warrant that the information provided is true and correct;
(b) authorise SHA to make such enquiries and receive such information from the bankers and business referees nominated to SHA by either the Client or the Guarantor and otherwise from anyone as SHA may consider necessary;
(c) acknowledge that SHA has informed the Client and Guarantor in accordance with the Privacy Act 1988 as amended, that certain items of personal information, including an opinion, about them is permitted to be kept on a credit information file and might be disclosed to credit reporting agencies;
(d) in accordance with the Privacy Act 1988 as amended:
(i) agree to SHA obtaining from a business which provides information about the commercial credit worthiness of persons, information concerning the commercial activities or commercial credit worthiness of the Client or Guarantor and using such information for the purpose of assessing the credit worthiness of the Client and the Guarantors;
(ii) authorise SHA to exercise the rights of the Client and Guarantors to access their credit information files and credit reports;
(e) agree that SHA may give to and seek from any credit providers (whether or not nominated by the Client or the Guarantor) reports and information that have any bearing on the credit worthiness, credit standing, credit history or credit capacity of the Client and the Guarantor for any of the following purposes:
(i) to assess an application by the Client or Guarantor for credit or commercial credit;
(ii) to notify other credit providers of a default by the Client or Guarantor;
(iii) to exchange information with other credit providers as to the status of the Client’s account or whether the account is in default;
(iv) to assess the credit worthiness of the Client or Guarantor at any time;
(v) to assess whether to continue to supply credit to the Client;
(f) agree that SHA may seek, from a credit reporting agency, a credit report containing personal information about the Client or Guarantor; to assess whether to accept any credit application by the Client;
(g) agree that these authorisations shall continue to have effect for the duration of the period during which credit or commercial credit is provided or sought by the Client from SHA.