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Showing 1 - 10 of 39 results for "Financial abuse"

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... outcomes through quality advice, implementing Payday Super without delay, and working with the super sector to tackle financial abuse. "We congratulate Minister Mulino on his appointment and look forward to establishing a positive and fruitful working ...

Super lobbies welcome bipartisan support to fight financial abuse

ELIZA BAVIN  |  MONDAY, 28 APR 2025
The federal opposition has said, if elected at the upcoming federal election, it will work to fight against financial abuse. This comes after Labor senator Katy Gallagher and minister for social services Amanda Rishworth promised to introduce new measures ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
The government will introduce new measures to target perpetrators of financial abuse, as part of its gender equality plan Building Australia's Future: Labor's Commitment to Women, launched yesterday by Labor senator Katy Gallagher and minister for social ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
Over two million Australians, mostly women, have suffered financial abuse at the hands of an intimate partner, sometimes through the weaponisation of the tax system, with impacts that can be "devastating and long-lasting" to survivors and their families ...

AFCA opens consultation on financial elder abuse, family violence

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
... feedback in areas such as definitions and scope. It wants to provide clarification on how family violence and financial abuse occurs outside joint accounts that includes fraudulently or coercively opened accounts, as well as adjust the language around ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... detailed framework will help Australian life insurers identify family and domestic violence situations, such as financial abuse, and respond "sensitively" to their customers' needs, as well as fostering trust and avoid re-traumatisation through the thorough ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. The Parliamentary Joint Committee on Corporations and Financial Services investigating ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... opportunity for us as advocates and policy makers to work together to ensure super is not being used as a mechanism for financial abuse," Kowalczyk said. Minister Jones told Financial Standard that every incident of domestic violence is unacceptable. ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
The financial advice profession "lacks consistent protocols" for handling suspected financial abuse and there are insufficient whistleblower protections, according to the Financial Advice Association Australia (FAAA). In its submission to the Parliamentary ...

Giving hope: Recent regulatory wins

ANDREW MCKEAN  |  TUESDAY, 21 MAR 2023
... not-for-profit sector, last July, the Office for Women released a new resource, Guide to prevention and action on financial abuse within the financial services sector, aimed at helping the financial services sector prevent and address financial abuse ...
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