Privacy Policy

01Information We Collect

Raceday Punting collects personal information necessary for identity verification, account management, and payment processing. This includes:

• Identity Documents: Driver's licence, Medicare card, and/or Australian passport for AUSTRAC/AML compliance verification.
• Contact Information: Email address and phone number for communication purposes.
• Financial Information: Bank account details (BSB, account number) or PayID for payout processing.
• Account Credentials: Bookmaker login details provided voluntarily for partnership facilitation.

02How We Use Your Information

Your personal information is used exclusively for the following purposes:

• Verifying your identity in compliance with Australian Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws.
• Processing your $250 partnership payout via OSKO or PayID.
• Managing the 4-month account partnership term.
• Communicating important updates regarding your application status.
• Fraud prevention and security monitoring.

03Data Security & Storage

We implement industry-leading security measures to protect your personal information:

• End-to-End Encryption: All data transmitted to our servers is encrypted using TLS 1.3 protocols.
• Secure Cloud Storage: Identity documents are stored in encrypted, access-controlled cloud vaults with Australian data residency.
• Access Controls: Only authorised personnel with a legitimate business need can access your information.
• Regular Audits: Our security practices are regularly reviewed and updated to meet current standards.

04Data Sharing & Third Parties

Raceday Punting does not sell, rent, or trade your personal information to third parties. We may share your information only in the following circumstances:

• Legal Requirements: When required by law, court order, or government regulation (including AUSTRAC reporting obligations).
• Service Providers: With trusted partners who assist in payment processing, subject to strict confidentiality agreements.
• Fraud Prevention: To protect against fraudulent activity or to enforce our terms of service.

05Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this policy, unless a longer retention period is required by law. Specifically:

• Identity verification documents are retained for 7 years as required by AML/CTF regulations.
• Transaction records are retained for 7 years for tax and audit purposes.
• Account credentials are securely deleted within 30 days of partnership termination.

06Your Rights

Under the Australian Privacy Act 1988, you have the following rights:

• Access: Request a copy of the personal information we hold about you.
• Correction: Request correction of any inaccurate or incomplete information.
• Deletion: Request deletion of your personal information, subject to legal retention requirements.
• Complaint: Lodge a complaint with the Office of the Australian Information Commissioner (OAIC) if you believe your privacy has been breached.

To exercise any of these rights, please contact us at support@racedaypunting.com.au.