News articles from 2017

Here are news articles from 2017.

4 December 2017 The Independent evaluation of ASIC's MoneySmart Teaching Program was released on 4 December 2017. The evaluation, conducted by EY Sweeney, found that ASIC's MoneySmart Teaching Program is having a positive impact on teachers and supports stronger levels of student financial literacy, and greater engagement within the wider school community in financial literacy.

The case studies accompanying the report show the experiences of nine schools that were selected to participate in the evaluation as best practice examples of the implementation of the Program.

Read ASIC's media release about the evaluation.

16 October 2017 In 2016-17 ASIC has been leading a consultation process, to refine and update the National Strategy for 2018. This is an opportunity to further strengthen partnerships and collaborative efforts, and broaden stakeholder reach and engagement with the National Strategy.

ASIC released a consultation paper for comment and to stimulate further discussion. Read the media release about the consultation.

National Financial Literacy Strategy Consultation 2017

28 September 2017 ASIC released the fifth Australian Financial Attitudes and Behaviour Tracker. The research was conducted by EY Sweeney on behalf of ASIC. It explores some key financial attitudes and behaviours of Australian consumers and investors primarily over the six month period from September 2016 to February 2017.

Australian Financial Attitudes and Behaviour Tracker: Wave 5, Key Findings

17 August 2017 ASIC's Building Seniors' Financial Capability report summarises the key findings from a number of research studies on Australian seniors conducted by market research agencies on ASIC's behalf.

The report reflects the diversity of the ageing Australian population and the importance of developing a range of responses to effectively address the complexity of financial decisions in and around retirement. The research is informing development and curation of targeted information, tools and resources for Australian seniors and their supporters on ASIC's MoneySmart website.

19 July 2017 The Government has announced funding to support an agreement with states and territories to promote and deliver ASIC's MoneySmart Teaching program for a further four years. The program, developed and led by ASIC, provides teachers with the skills and resources to develop stronger financial capabilities in young people. The Hon Kelly O'Dwyer, MP, Minister for Revenue and Financial Services said: 'We want more students to develop essential knowledge and skills to prepare them to make sound financial decisions now and into the future, including in relation to saving, borrowing and investing. To achieve this, teachers must have the necessary skills and understanding to deliver and embed this knowledge in young people'.

Paul Clitheroe AM, Chairman of the Australian Government Financial Literacy Board, welcomed the announcement and recognises that building the financial capability of young Australians is a long term journey which requires commitment from all stakeholders, including government, education, community and business sectors. 'The Government is to be commended for its leadership and support of financial literacy education programs in schools as this will ensure the next generation is equipped with the skills and knowledge to make informed financial decisions beyond school', said Mr Clitheroe.

ASIC's MoneySmart Teaching program provides teachers with resources to build their financial capability and develop the financial knowledge and skills of young people to support the financial decisions they will need to make throughout their life. ASIC encourages principals, teachers, parents and students to access the free professional development and classroom resources at moneysmart.gov.au.

Read Minister O'Dwyer's media release about Australian students benefiting from new funds for financial literacy.

25 May 2017 An international study of 53,000 students from 15 countries found that Australian students scored above the OECD average in the Programme for International Student Assessment (PISA) financial literacy test, but there is still work to be done.

Read ASIC's media release about the PISA test results.

16 February 2017
The Minister for Revenue and Financial Services, The Hon. Kelly O'Dwyer today launched the National Financial Literacy Strategy Annual Highlights Report 2015-16 at a Parliamentarian Briefing, hosted by ASIC, at Parliament House in Canberra.

The report provides a national picture of the collective impact of financial literacy initiatives delivered by ASIC and a range of organisations across the government, business, community and education sectors.

Read ASIC's media release about the report.

Last updated: 08 Mar 2018