News articles from 2017
Here are news articles from 2017.
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
||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
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
Read Minister O'Dwyer's media release about
Australian students benefiting from new funds for financial
||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
|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
ASIC's media release about the report.
Last updated: 11 Sep 2017