• Home
  • Communication Facility Rules

CoVESTA Communication Facility Rules


Online Community

At CoVESTA, we are passionate about property investment and giving Australians the opportunity to participate in the property market in a way that empowers them. As part of this commitment, we have established an online facility for Members to send direct messages to one another and post comments on properties or syndicates (Communication Facility). The purpose of the Communication Facility is to provide an online community for Members to share information and ideas about property and property investing. The Communication Facility is an environment where Members can have their questions about properties and property investment answered by other Members, including Members who are industry experts (such as registered real estate agents, agent buyers and experienced investors or developers). Members have the opportunity to make a valuable contribution to the CoVESTA community by sharing their insights about properties and property investment through the Communication Facility. The rules set out below have been designed to ensure that the Communication Facility functions in a way that is consistent with the values and purpose outlined above.


Content

  1. Care, diligence and good faith


    You agree to act in good faith and to exercise care and diligence with respect to your participation in the Communication Facility.

  2. Verifying information


    You are responsible for verifying any information that you post to, and the content of any messages you send through, the Communication Facility and ensuring that they are accurate, complete and up to date. You will ensure that you have informed yourself about the subject matter of the post or message, to the extent you reasonably believe appropriate, before posting the information to, or sending the message through, the Communication Facility.

  3. Not false, misleading or deceptive


    With respect to your participation in the Communication Facility, you must not:

    • post, or link to, any information, or send any messages, that you know (or should reasonably be expected to know) are false, misleading or deceptive, or that are likely to be false, misleading or deceptive; or
    • act in a way that is false, misleading or deceptive (or likely to be false, misleading or deceptive).

  4. Correct any errors, inconsistencies or omissions


    You are responsible for correcting any errors or inconsistencies in, or omissions from, information you have posted or messages you have sent as soon as reasonably possible after you become aware of the error, inconsistency or omission. You must also do so if you become aware that you have posted information or sent a message, or otherwise acted in a way, that is (or is likely to be) false, misleading or deceptive with respect to the Communication Facility.

  5. No financial product advice or financial services


    You will not post, or link to, information or advice, or send any messages, about Financial Products to the Communication Facility or provide Financial Services through it.

  6. No advertising


    You will not advertise, make an offer for, buy or sell any product or service through the Communication Facility.

  7. CoVESTA can remove inappropriate content


    CoVESTA will not actively monitor information posted to the Communication Facility. However, if CoVESTA becomes aware of any post, message or link to, information that it considers inappropriate, CoVESTA may without notice immediately remove the post, message, link or information from the Communication Facility.


Transparency

  1. Identity


    The Communication Facility does not allow anonymous postings. You must disclose your identity every time you post information to, or send a message through, the Communication Facility. If you have relevant expertise or experience in the property industry, you must also provide details about your expertise or experience in your profile on CoVESTA.

  2. Related parties and benefits


    If you are an owner or employee of any entity involved in CoVESTA or the Communication Facility, or you could otherwise receive any benefit or remuneration as a result of products or services you supply in connection with the CoVESTA Platform, you must disclose this in your posts and messages.


No advice

You acknowledge that information made available through the Communication Facility is not legal, financial product advice or investment advice and that you will seek your own advice, if required.


Risks, liability and warranty

  1. Reliance on information


    If you choose to rely on any information, or links to information, or messages provided through the Communication Facility, you acknowledge that you do so at your own risk.

  2. CoVESTA not liable


    CoVESTA is not liable to you or any third party for any loss that may be incurred in connection with the use of the Communication Facility, including lost opportunity costs.

  3. No representations or warranties


    CoVESTA makes no representation or warranty as to the accuracy or completeness of information posted to, or messages sent through, the Communication Facility, including information included in reports or other data.

  4. Third party sites and content


    CoVESTA does not authorise or take any responsibility for links to third party sites or content on those sites that may be subject to intellectual property rights.


Amendments

CoVESTA may amend these Communication Facility Rules from time to time. If we do, we will post a notice on the CoVESTA website notifying Members of the amendments. If you do not accept any of the amendments, you must immediately stop using the Communication Facility.


How to contact us

  1. If you have any queries or complaints with regard our collection, use or management of your personal information, please contact:
  2. If you wish to make a complaint about an alleged breach of the Privacy Act, we ask that you send us your complaint in writing to the email address listed above. We endeavour to respond to complaints within a reasonable period (usually 30 days). If you are not satisfied with our response, you may make a complaint to the Office of the Australian Information Commissioner by phoning 1300 363 992 or by email at enquiries@oaic.gov.au.