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Cross-industry initiative to provide one-off $7.75 million boost for financial counselling services  

Cross-industry initiative to provide one-off $7.75 million boost for financial counselling services  

11 May 2023

Australia’s financial counselling services will receive a $7.75 million boost following a donation from a group of organisations from across the banking, finance, insurance, energy, telecommunications and online gambling sectors.  

The donation will help the Financial Counselling Foundation deliver a series of important initiatives to support victims of family violence, those at risk of homelessness and First Nations communities. 

“They are making a real, positive impact on the lives of some of society’s most vulnerable people.”

ABA CEO, Anna Bligh

Australian Banking Association Chief Executive Officer Anna Bligh, speaking on behalf of the contributors, said the funding will provide significant assistance. 

“The important work carried out by the Financial Counselling Foundation, and the groups they have determined to receive these grants, is to be highly commended,” Ms Bligh said. 

“They are making a real, positive impact on the lives of some of society’s most vulnerable people.”  

Financial Counselling Foundation Chairperson, George Brouwer, welcomed the donation and said it will help support a series of important initiatives.  

“The $7.75 million will enable the Foundation to provide additional support to existing grants that are expiring and to implement new projects identified as worthy through our priority assessment and grants-based process,” Mr Brouwer said.  

“Our current funding priorities include projects to support victims of family violence, tenants at risk of homelessness, First Nations communities and people in prison.”  

A portion of the donation will be used to support the extension of 10 family violence financial counsellors for a further two years. These positions, overseen by the Family Violence Financial Counselling Agency, are located nationally in predominantly community legal centres to support women who have experienced family violence.  

The donation will also allow the Foundation to look at new initiatives. Mr Brouwer said.  

“As a result of the contribution, the Financial Counselling Foundation can consider the possibility of a national initiative, in response to research completed by Thriving Communities Partnership, to fund financial counsellors to work within the prison environment and with different cohorts,” he said. 

Organisations that are contributing to the donation: 

AGL 

Alinta Energy 

Allianz Australia Insurance Limited 

Aussie Broadband Limited 

Australia and New Zealand Banking Group Limited  

Bank of Queensland   

Betfair 

bet365 

Bendigo and Adelaide Bank Group 

Commonwealth Bank of Australia 

Credit Corp Group Limited 

EnergyAustralia 

Entain 

IAG 

Latitude Financial 

Liberty Financial  

Macquarie Bank Limited 

MyState Bank Limited   

National Australia Bank  

Optus  

Origin Energy 

Pepper Money 

Pointsbet 

QBE 

Red Energy 

Simply Energy 

Sportsbet 

Suncorp Group 

Telstra Limited 

The Hollard Insurance Company 

Toyota Finance 

TPG Telecom Limited 

Unibet 

Westpac Banking Corporation   

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