ASIC targets monetary abuse in First Nations communities

ASIC has launched a brand new abstract doc detailing methods for figuring out and aiding First Nations customers who’re experiencing or are liable to monetary abuse.

The initiative follows a digital workshop held on March 14.

Workshop insights and targets

Throughout the March workshop, which included varied monetary providers trade representatives, discussions centered on community-led options that would assist assist weak customers.

“The workshop offered context on the distinctive cultural circumstances and experiences of First Nations customers, and highlighted alternatives for enhancements throughout a variety of monetary service suppliers to make sure First Nations customers impacted by monetary abuse are appropriately and sensitively supported,” ASIC stated in a media launch.

Upcoming initiatives

ASIC has introduced plans to proceed these efforts with one other workshop scheduled for June. This session will focus on finest observe engagement methods for First Nations customers and communities, aiming to foster a deeper understanding and more practical assist mechanisms inside the monetary providers sector.

Ongoing engagement and sources

These workshops are part of ASIC’s ongoing dedication underneath its Indigenous Monetary Companies Framework to enhance monetary providers for Indigenous Australians.

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