One of the many recipients of your data is a class of people or organisations known as trusted advisers. Trusted advisers do not need to be accredited or registered with the ACCC. While not registered they still have obligations. A trusted adviser should be someone you already know and ideally have an existing professional engagement with. Examples of trusted advisers are;
- Accountants
- Financial Planner
- Mortgage Broker
- Financial Counsellor
- Registered Tax or BAS agent
- Lawyer
These trusted professionals are allowed to receive your data without accreditation because they are members of a professional association. As such the are required to meet and maintain a level of education, ethics, discipline, privacy and levels of insurance. All these obligations are there to protect you and your data; this is also why it is essential you only share data with a trusted adviser you know and ideally have a proper engagement.
Important: Once your data is shared with a Trusted Adviser, your data has left the CDR system. That is, the trusted adviser can use the data in a way they wish and undertake the professional services you have engaged them. This data freedom is both a benefit and a concern; you have the right to complain, but they are now with the Trusted adviser, not the ADR or Data Holder.
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