Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry: Superannuation – Joint Submission

Submission to: Department of Social Services
Joint financial counselling sector submission responding to five focus areas: giving the community sector the respect it deserves, providing grants that reflect the real cost of service delivery, providing longer grant agreements, ensuring grants flow to a wider diversity of organisations and partnering with trusted community organisations with strong local links. Our sector very much welcomes this discussion paper and the potential for re-setting the relationship between government and the community sector.

Submission to: Senate Economics Committee
Legislation first proposed by the Federal Government in October 2017 in relation to payday loans and consumer leases must be introduced urgently. People need strong consumer protections when using these high cost and potentially harmful products. The urgent reform needed is to cap the amount that a person can repay at 10% of net income.