Stakeholders from the business, community, education and government sectors met today at the 2013 National Financial Literacy Forum to have their say on the strategic priorities for the National 2014–16 Financial Literacy Strategy.
ASIC Deputy Chairman Peter Kell said, 'ASIC has taken a lead role in improving financial literacy in the community since the first financial literacy strategy was developed in 2011. But the road to achieving significant change in Australians’ financial literacy levels is a long journey – one that will take at least a generation.'
'By forming partnerships and working together on financial literacy, we can we help a large number of people make long-term behavioural change' said Mr. Kell.
Significant progress has been made over the last two years. A wide range of financial literacy programs have involved:
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education in schools
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providing trusted information, tools and support
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developing innovative solutions to change behaviour
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partnerships
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measuring impact and promoting best practice.
The 2014–16 National Financial Literacy Strategy will build on those foundations. Mr. Kell added, 'There are many organisations in Australia carrying out a diverse range of important initiatives. We’d like to see organisations across different sectors working together, pooling resources and expertise to reach those in need.'
ASIC encourages representatives from organisations that fund or deliver financial literacy programs to participate in the stock take survey. The survey will capture what is currently being done and any gaps that need to be filled. It will be live on the National Financial Literacy Strategy website from 30 April 2013 until 30 June 2013.
Apart from the forum, people can also contribute their views on directions for the 2014–16 Strategy by responding to the questions in the consultation paper and submitting their response to submission@financialliteracy.gov.au, by 30 June 2013.
The consultation paper should be read in conjunction with the background report which talks about the range and diversity of financial literacy programs being delivered in Australia.
Outcomes from the forum will be shared on the National Financial Literacy Strategy website.
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