Privacy Policy

At palvenixora, we understand that your financial information deserves the highest level of protection. This policy explains how we collect, use, and safeguard your personal data while providing our financial statement analysis services.

Last Updated: February 15, 2025

Information We Collect

When you use our financial statement analysis services, we collect information that helps us provide accurate insights and maintain secure communication.

Personal Information

  • Contact details including name, email address, and phone number
  • Business information such as company name, industry type, and registration details
  • Payment information processed through secure third-party payment processors
  • Communication preferences and service requirements

Financial Data

  • Financial statements uploaded for analysis purposes
  • Business performance metrics and historical financial data
  • Industry benchmarking information relevant to your business sector
  • Analysis results and recommendations generated by our system

How We Use Your Information

Your data serves specific purposes within our financial analysis framework. We never use your information for purposes beyond what's necessary for our services.

Data Type Primary Use Retention Period
Contact Information Service delivery and support communications Until account closure + 2 years
Financial Statements Analysis processing and report generation 7 years (regulatory compliance)
Usage Analytics Platform improvement and feature development 3 years in aggregated form
Payment Data Transaction processing and billing 7 years (tax and audit requirements)

Data Protection Measures

We implement multiple layers of security to protect your financial information. Our approach combines industry-standard encryption with Australian regulatory compliance requirements.

Technical Safeguards

  • AES-256 encryption for all data transmission and storage
  • Regular security audits and penetration testing
  • Multi-factor authentication for all user accounts
  • Automated backup systems with encrypted storage
  • Network monitoring and intrusion detection systems

Access Controls

  • Role-based access permissions limiting data exposure
  • Regular access reviews and permission updates
  • Comprehensive audit trails for all data interactions
  • Mandatory privacy training for all staff members

Your Privacy Rights Under Australian Law

The Australian Privacy Principles (APPs) under the Privacy Act 1988 provide you with specific rights regarding your personal information. We're committed to helping you exercise these rights.

Access Your Data

Request copies of all personal information we hold about you, including financial analysis reports and account details.

Correct Information

Update or correct any inaccurate personal information we have on file about you or your business.

Data Portability

Receive your data in a structured, machine-readable format for transfer to another service provider.

Restrict Processing

Limit how we process your information while maintaining essential service functionality.

Making a Request: To exercise any of these rights, contact our privacy team at privacy@palvenixora.com. We'll respond within 30 days and verify your identity before processing requests involving sensitive financial data.

Third-Party Relationships

We work with carefully selected partners to deliver our financial analysis services. Each partner undergoes rigorous security assessment and signs comprehensive data protection agreements.

Service Providers

  • Cloud infrastructure providers with Australian data residency requirements
  • Payment processors certified for financial services in Australia
  • Email service providers with enterprise-grade security features
  • Analytics platforms that process only aggregated, non-identifiable data

Data Sharing Limitations

We never sell your personal or financial information to third parties. Data sharing occurs only when necessary for service delivery, legal compliance, or with your explicit consent. All sharing arrangements include:

  • Contractual data protection requirements
  • Purpose limitation clauses
  • Regular compliance monitoring
  • Right to audit data handling practices

International Data Transfers

While we primarily store data within Australia, some processing may involve international transfers to jurisdictions with adequate privacy protections.

Transfer Safeguards

  • Standard Contractual Clauses approved by Australian authorities
  • Adequacy decisions recognizing equivalent privacy protections
  • Additional technical measures including encryption and access controls
  • Regular review of international data handling practices

We maintain detailed records of all international transfers and can provide specific information about data locations upon request.

Data Retention and Deletion

We retain your information only as long as necessary for service provision, legal compliance, and legitimate business purposes.

Retention Schedule

  • Active Account Data: Maintained throughout your service relationship
  • Financial Statements: Retained for 7 years after account closure (regulatory requirement)
  • Communication Records: Kept for 3 years for quality assurance purposes
  • Marketing Preferences: Maintained until you withdraw consent
  • System Logs: Automatically deleted after 12 months

Deletion Procedures

When retention periods expire, we use secure deletion methods that make data unrecoverable. This includes overwriting digital storage and physically destroying any hardware containing your information.

Privacy Breach Response

Despite our security measures, we maintain comprehensive breach response procedures as required by Australian privacy law.

Our Response Process

  • Immediate containment and assessment within 2 hours of discovery
  • Notification to Australian Privacy Commissioner within 72 hours for eligible breaches
  • Direct communication to affected individuals when high risk is identified
  • Implementation of additional protective measures
  • Post-incident review and system improvements

We maintain detailed incident response plans and conduct regular drills to ensure effective breach management.

Website and Technology

Our website uses various technologies to enhance your experience while respecting your privacy preferences.

Cookies and Tracking

  • Essential cookies for platform functionality and security
  • Analytics cookies to understand usage patterns (with consent)
  • Preference cookies to remember your settings
  • No third-party advertising or tracking cookies

Browser Information

We collect standard web server information including IP addresses, browser types, and page visit data. This information helps us improve platform performance and detect security threats.

Privacy Questions or Concerns?

Our privacy team is here to help you understand your rights and our data practices.

Email: privacy@palvenixora.com

Phone: +61 7 4638 0474

Mail: Privacy Officer, palvenixora
PO Box 6062, Conder, ACT 2906, Australia

We respond to all privacy inquiries within 48 hours during business days.