Royal Commission into the Banking, Superannuation and Financial Services Industry Round 4 Hearings – Interactions of Aboriginal and Torres Strait Islander Australians in Regional and Remote Communities with Financial Services Entities
Submission to: Royal Commission into the Banking, Superannuation and Financial Services Industry
Submission to: Senate Community Affairs References Committee This is a joint submission from FCA and the State/Territory financial counselling associations. Fairness should be the underpinning principle in decisions about the level of income support payments. We support an urgent increase in Newstart by at least $75 per week to ensure people
are more likely to be able to keep a roof over their heads and pay the household bills.
We support an independent review of the adequacy of income support payments and the introduction of an independent body to set such payments to ensure they remain adequate into the future.