Review of the coordination and funding of financial counselling services across Australia

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) provided its final report to the Governor-General on 1 February 2019. The Treasurer, the Hon Josh Frydenberg MP released the Australian Government’s response to the Royal Commission on 4 February 2019. 

The Government is taking action on all 76 recommendations outlined in the Royal Commission’s Final Report. In addition, the Government has committed to additional actions to improve the financial outcomes of Australians. This included undertaking an immediate review of the coordination and funding of financial counselling services that disadvantaged Australians rely on. 

On 3 October 2019, Senator the Hon Anne Ruston, Minister for Families and Social Services, released The Countervailing Power: Review of the Coordination and Funding for Financial Counselling Services across Australia. The Government released its response to the review on 25 November 2020. 

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