20 June 2018
The South Australian Government’s introduction into parliament today of a bill to establish an Adult Safeguarding Unit delivers on a key change campaigned for by Australia’s banks and senior’s groups to establish a body to make good faith reports of suspected elder financial abuse that can then be investigated.
In February, Australia’s banks renewed their push for change and called on the Federal, state and territory governments to make key policy decisions by Christmas. These changes are:
- Standardised Power of Attorney orders across state and territories
- An online register of Power of Attorney Orders
- A designated safe place for local bank staff and members of the public to report suspected abuse.
On Monday the Council on the Ageing, National Seniors, the Older Persons Advocacy Network and the Finance Sector Union all joined forces with the banking industry to mobilise the Australian public behind the campaign for change, launching an online petition.
Australian Banking Association CEO Anna Bligh said that this was an important win for the senior’s groups and the industry in their campaign to see all levels of government play their part in tackling the problem.
“Australia’s banks, together with seniors groups and the Finance Sector Union, have been lobbying the government for a long time to see key initiatives such as this one established,” Ms Bligh said.
“This is an important step and an example to other states and territories of what needs to be done to address this growing issue.
“There is still a long way to go, with states, territories and the Federal Government needing to accelerate their efforts to standardise Power of Attorney orders and create an online register,” she said.
To get on board with the campaign go to dev2.ausbanking.ds1.pensoagency.com/elderabuse and show your support.
ENDS
Contact: Rory Grant 0475 741 007
Latest news
The ABA welcomes the release of the Council of Financial Regulators’ (CFR) reviewinto small and medium-sized banks. ABA CEO Anna Bligh said the review findings and recommendations would helpensure there is a more level playing field for Australia’s small and mid-tier banks. “This is an important step forward in ensuring Australia maintains a strong andcompetitive… Read more »
EO&E Nadia: Banks has been a big topic of discussion on the show this week because, of course, we’ve just been talking about behavioural security that the bank is bringing in. Earlier, I was telling you during the week that older women can’t get a credit card in their own name. They’re secondary card holders… Read more »
The Productivity Commission proposal to tax business cash flow is an experimental change that hasn’t been tried anywhere else in the world. This tax increase risks putting more pressure on all Australians still struggling under cost-of-living pressures. While some businesses may benefit under this proposal, it risks all Australian consumers and businesses paying more for… Read more »