Perseverance Corporation Limited (ABN 13 010 650 049) ("Perseverance") is committed to protecting the privacy of your personal information. This Privacy Policy explains how Perseverance manages the personal information that we collect, use and disclose and how to contact us if you have any further queries about our management of your personal information. This Privacy Policy does not cover personal information collected or held by Perseverance about its employees.

Since 21 December 2001, Perseverance has been required by the Privacy Act 1988 (Cth) (the "Privacy Act") to comply with ten National Privacy Principles ("NPPs") in accordance with the provisions of that Act.

The NPPs regulate the manner in which personal information is handled throughout its life cycle, from collection to use and disclosure, storage, accessibility and disposal.

Personal information is information or an opinion, in any form and whether true or not, about an individual whose identity is apparent or can reasonably be ascertained from the information or opinion.

Special provisions apply to the collection of personal information which is sensitive information. This includes health information (which is itself defined in the Privacy Act) and information about a persons' race, ethnic origin, political opinions, membership of political, professional or trade associations, religious or philosophical beliefs, sexual preferences and criminal history.

To the extent required by the Privacy Act:

• Perseverance will not collect personal information about you unless that information is necessary for one or more of our functions or activities.
• Perseverance will collect personal information only by lawful and fair means and not in an unreasonably intrusive manner.
• Perseverance will not collect sensitive information (such as health information) about you without your consent, unless that collection is otherwise permitted by the Privacy Act;
• When Perseverance collects personal information directly from you, we will take reasonable steps at or before the time of collection to ensure that you are aware of certain key matters, such as the purposes for which we are collecting the information, the organisations (or types of organisations) to which we would normally disclose information of that kind, the fact that you are able to access the information and how to contact us (for example, where personal information is collected on a form, we will generally include a written privacy statement on the form which sets out these details).
• Perseverance will collect your personal information directly from you where it is reasonable and practicable to do so. Where Perseverance collects information about you from a third party, we will still take reasonable steps to ensure that you are made aware of the details set out above.

If Perseverance uses or discloses your personal information for a purpose (the "secondary purpose") other the main reason for which it was originally collected (the "primary purpose"), to the extent required by the Privacy Act, we will ensure that:

• the secondary purpose is related to the primary purpose of collection (and directly related in the case of sensitive information), and you would reasonably expect that Perseverance would use or disclose your information in that way; or
• you have consented to the use or disclosure of your personal information for the secondary purpose; or
• the use or disclosure is required or authorised by or under law; or
• the use or disclosure is otherwise permitted by the Privacy Act (for example, as a necessary part of an investigation into suspected unlawful activity).

We may also disclose your personal information in the case of a sale of the Perseverance business (in whole or part), to the purchaser (as an asset of the business).

To the extent required by the Privacy Act, Perseverance will take reasonable steps to:

• make sure that the personal information that we collect, use and disclose is accurate, complete and up to date;
• protect the personal information that we hold from misuse and loss and from unauthorised access, modification or disclosure; and
• destroy or permanently de-identify personal information that is no longer needed for any purpose that is permitted by the Privacy Act.

You can help Perseverance to keep the personal information that we hold accurate, complete and up to date, by letting us know about any changes to your personal information, such as your name and address.

Perseverance will generally provide individuals with the option of not identifying themselves when entering into transactions when it is lawful and practicable to do so.

Perseverance will not use Commonwealth government identifiers ("Identifiers") (such as Medicare numbers) as its own identifier of individuals. We will only use or disclose Identifiers in the circumstances permitted by the Privacy Act.

If Perseverance transfers your personal information outside Australia, we will comply with requirements of the Privacy Act that relate to transborder data flows.

Please contact Perseverance if you would like to access or correct the personal information that we hold about you. Perseverance will generally provide you with access to your personal information if practicable (although a fee may be imposed), and will take reasonable steps to amend any personal information that is incorrect. In some circumstances, Perseverance may not permit access to your personal information, or may refuse to correct your personal information, in which case we will provide you with reasons for this decision.

Please contact our Fosterville office if you have any queries about the personal information that Perseverance holds about you or the way we handle that personal information. Contact details for that office are set out below.

Perseverance Corporation Limited
McCormicks Road
FOSTERVILLE VIC 3557
Phone: (03) 5439 9000
Fax: (03) 5439 9099

Further information about the NPPs and the application of the Privacy Act to the private sector generally can be found at the website of the Office of the Federal Privacy Commissioner, at www.privacy.gov.au.

Please contact our Fosterville office (using the contact details provided above) if you have any concerns or complaints about the manner in which your personal information has been collected or handled by Perseverance.

Perseverance may change this Privacy Policy from time to time. Any changes will be published on our website, at www.perseverance.com.au. You may also obtain a copy of our latest Privacy Policy by contacting us using the contact details provided above.

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