This submission describes the cost of living pressures facing people seeking financial counselling support, which is showing up in increasing demand for financial counselling. The rising cost of living has a disproportionate affect on people with the least economic resources. The submission recommends further increases in the rates of JobSeeker and pension payments to prevent poverty, reviewing the supermarket unit pricing code to help people make informed shopping choices, regulation of Buy Now, Pay Later providers and wage advance products under the credit laws, waiving of persistent credit card debts by financial institutions and adequate funding for financial counselling.
Cost of Living
Related Projects
Submission to Treasury – Review of Tax Regulator Secrecy Exceptions
Tax secrecy laws are important for protecting people’s private financial information and keeping
Australia’s tax system secure. However, the current rules under the Tax Administration Act 1953 (TAA
1953) are making life harder for grieving families trying to access a loved one’s superannuation. This submission outlines issues we see in tax and super systems.
Submission to the Code Governance Committee – Monitoring and Compliance Priorities Consultation
This document outlines feedback on the Code Governance Committee’s priorities for monitoring compliance with the General Insurance Code of Practice. We appreciate the CGC’s
focus on key issues impacting consumers and financial counsellors. We outline several recommendations to improve insurance outcomes for consumers.