Privacy Policy
selvarionthequmos Financial Services
Last Updated: March 15, 2025
Overview and Commitment
At selvarionthequmos, we understand that managing your weekly budget involves sharing sensitive financial information with us. This privacy policy explains exactly how we collect, use, store, and protect your personal data when you use our budgeting platform at selvarionthequmos.com.
We're committed to transparency about our data practices. This policy complies with the Privacy Act 1988 (Cth) and the Australian Privacy Principles (APPs), ensuring your rights are protected under Australian law.
Your trust matters to us. We only collect information that's necessary to provide you with effective budgeting tools, and we never sell your personal data to third parties for marketing purposes.
Information We Collect
Account Information
- Your name, email address, and phone number when you create an account
- Password information (stored in encrypted format)
- Profile preferences and notification settings
- Account verification documents when required
Financial Data
- Income information you input for budget calculations
- Expense categories and spending amounts you track
- Budget goals and financial targets you set
- Transaction data if you connect bank accounts (with your explicit consent)
- Savings progress and financial milestones
Usage Information
- How you interact with different features of our platform
- Device information including browser type and operating system
- IP address and general location data (city/state level)
- Time spent using various tools and features
How We Use Your Information
We use your personal information solely to provide and improve our budgeting services. Here's specifically what we do with your data:
| Data Type | Purpose | Legal Basis |
|---|---|---|
| Account Details | Account management and authentication | Contractual necessity |
| Financial Information | Budget calculations and recommendations | Service provision |
| Usage Data | Platform improvement and feature development | Legitimate business interest |
| Contact Information | Customer support and important notifications | Contractual necessity |
We analyze usage patterns to understand which budgeting tools are most helpful, but this analysis is conducted on aggregated, anonymized data that cannot identify individual users.
Data Storage and Security
Your data security is our top priority. We employ multiple layers of protection to keep your financial information safe:
Encryption Standards
All data is encrypted using AES-256 encryption both in transit and at rest. Your financial information is stored in encrypted databases with restricted access controls.
Access Controls
- Only authorized personnel with legitimate business needs can access user data
- All access is logged and regularly audited
- Staff undergo security training and sign confidentiality agreements
- Two-factor authentication required for all administrative access
Data Location
Your data is stored on secure servers located in Australia, operated by certified cloud infrastructure providers. We maintain backup copies in geographically separated Australian data centers to ensure service continuity.
Third-Party Relationships
We work with carefully selected service providers to deliver our budgeting platform. These relationships are governed by strict data protection agreements:
Service Providers
- Cloud hosting services for secure data storage and platform operations
- Payment processors for subscription billing (they don't access your budget data)
- Email service providers for account notifications and support communications
- Analytics tools that process anonymized usage data only
We never share your personal financial information with marketing companies, data brokers, or other third parties for commercial purposes. Any service provider that handles your data must meet our security standards and is contractually bound to protect your information.
Bank Account Connections
If you choose to connect your bank accounts for automated transaction tracking, we use secure, read-only connections through licensed financial data providers. These providers are regulated by ASIC and follow strict security protocols. You can disconnect these integrations at any time from your account settings.
Your Rights and Choices
Under Australian privacy law, you have several important rights regarding your personal information. We've made it easy to exercise these rights through your account dashboard or by contacting our privacy team.
Access and Correction
- View all personal information we hold about you
- Download your data in a portable format
- Correct any inaccurate information
- Update your contact preferences and notification settings
Data Deletion
You can request deletion of your account and associated data at any time. When you delete your account, we remove all your personal and financial information within 30 days. We may retain some anonymized usage statistics for platform improvement, but these cannot be linked back to you.
How to Exercise Your Rights
Log into your account and visit the "Privacy Settings" section, or email our privacy team at privacy@selvarionthequmos.com. We respond to all requests within 5 business days and complete most actions within 14 days.
Data Retention
We keep your information only as long as necessary to provide our services and comply with legal requirements:
Active Accounts
While your account is active, we retain all your budgeting data so you can access your historical information and track long-term financial progress.
Closed Accounts
After account closure, personal data is deleted within 30 days. We may retain some transaction records for up to 7 years as required by Australian financial record-keeping regulations, but these are stored separately and cannot be linked to your identity.
Inactive Accounts
If you don't log in for 24 months, we'll send email reminders before archiving your account. Archived accounts can be reactivated within 12 months, after which data is permanently deleted.
Cookies and Tracking
Our website uses cookies to improve your experience and ensure the platform works properly. Here's what we use and why:
Essential Cookies
- Authentication cookies to keep you logged in securely
- Session cookies to maintain your settings during use
- Security cookies to prevent unauthorized access
Analytics Cookies
We use privacy-focused analytics to understand how our budgeting tools are used. This helps us improve features that matter most to our users. These cookies don't track you across other websites and don't identify you personally.
You can control cookie settings through your browser, though disabling essential cookies may affect platform functionality.
Changes to This Policy
We review and update this privacy policy annually or when we make significant changes to our data practices. When updates occur, we'll notify you via email and display a prominent notice on our platform.
Material changes that affect how we use your data will require your explicit consent before taking effect. You'll always have the option to review changes and decide whether to continue using our services.
Previous versions of our privacy policy are archived and available upon request if you need to reference historical practices.
Privacy Questions and Contact
If you have questions about this privacy policy or want to exercise your data rights, we're here to help:
Privacy Officer
Unit 1226/2-6 Breakwater Rd
Robina QLD 4226, Australia
Email: privacy@selvarionthequmos.com
Phone: +61 884 107 222
For general inquiries: info@selvarionthequmos.com
We aim to respond to all privacy inquiries within 5 business days.