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Showing 1 - 10 of 12 results for "Elder financial abuse"

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... consultation on exposure draft legislation that will reduce the tax burden on granny flats in a move to prevent elder financial abuse. The legislation follows the budget announcement that the government would provide a targeted capital gains tax (CGT) ...

New course helps advisers recognise financial abuse

JULIA NEWBOULD  |  TUESDAY, 5 MAY 2020
... advisers as to what we can individually do to help. "We break down the differences between financial abuse and elder financial abuse, what are the signs to look out for and practical steps we can take to assist," Cassar said. After completing the course ...

Planners can prevent financial abuse

ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
... escalate... Financial abuse can lead to other forms of abuse." Adult children are the most common perpetrators of elder financial abuse but McGowan said she's aware of cases where new friends suddenly come into the life of an elderly person and take ...

Curtain call for industry body after 96 years

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... Centrelink, Age Pension eligibility, the National Disability Insurance Scheme, general healthcare, aged care and elder financial abuse. According to SCOA's 2018 annual report, the decline in membership substantially impacted its financial position ...

Retirement living advice is an opportunity: Challenger Financial Standard Technical Services Forum

KARREN VERGARA  |  FRIDAY, 21 SEP 2018
... Government announced its intention to establish a Royal Commission into the aged care sector and is calling for elder financial abuse to be scrutinised. Highlighting concerns with the state of aged care services, Prime Minister Scott Morrison said a ...

Government establishes aged care Royal Commission

HARRISON WORLEY  |  MONDAY, 17 SEP 2018
A prominent law firm believes elder financial abuse should form one of the main issues to be examined at the newly established Royal Commission in to the aged care sector. Maurice Blackburn Lawyers welcomed the Federal Government's intention to establish ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... the Financial Services Union joined forces to lobby Government to allow the safe reporting of suspected elder financial abuse by bank staff. "Bank staff unfortunately all too often see people who are their customers being pressured to give access to ...

New campaign combats elder financial abuse

KARREN VERGARA  |  MONDAY, 18 JUN 2018
Several organisations are joining a new campaign to help tackle elder financial abuse. The Australian Banking Association, National Seniors, Council on the Ageing, Older Persons Action Network and the Financial Services Union are calling on state governments ...

Major banks overlooking elder abuse

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The Australian Bankers Association and the four major banks aren't doing enough to prevent elder financial abuse, particularly within branches where they are most vulnerable, an advocate group said. Michael Riley, chief executive of not-for-profit organisation ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... practices will be able to equip staff with greater knowledge and understanding around identifying and preventing elder financial abuse through a selection of new education and training materials. Protecting Seniors Wealth has launched a range of resources ...
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