fbpx
Skip to main content
New Financial Assistance Hub

South Australian unit an example of what needs to be done

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

1 / 3
Transcript
Anna Bligh doorstop on Government response to mortgage and deposits reforms
15 June 2024

Journalist: The question I have is, are these regulations actually necessary, because my understanding is that a lot of banks already disclose this information?  Anna Bligh: These changes will mean more consistency for customers. Many banks are already doing a number of these things to make it easier for customers to get information. If these… Read more »

Read more
Media Releases
Older Australians reminded to stay financially safe this World Elder Abuse Awareness Day
15 June 2024

With it being World Elder Abuse Awareness Day, the Australian Banking Association (ABA) is reminding older Australians about how they can better protect themselves from scams, fraud and financial abuse.

Read more
Transcript
Press conference on the expansion of the AFCX scams intelligence loop
13 June 2024

Stephen Jones, Assistant Treasurer and Minister for Financial Services: Good morning everybody, how are we going? Good to speak with you. Great to be here this morning, an exciting accountment. As you know the Albanese government has made a priority fighting scammers and ensuring that we can keep Australian’s money safe. From coming into government… Read more »

Read more