National Financial Literacy Forum 2013
ASIC hosted a one-day National Financial Literacy Forum in
Sydney on 30 April 2013 to review progress made since the release
of the first National Strategy in 2011 and kick off consultation on
the issues and priorities to shape an updated Strategy.
With a theme of 'Working together to make a difference', the
Forum brought together 140 stakeholders from the business,
community, education and government sectors who are working to
improve the financial literacy of Australians.
Overview of the day
Download the 2013 Forum program
Summary of key themes
See how graphic recorder Gavin Blake of Fever
Picture captured the day's discussions.
ASIC Commissioner, Peter Kell welcomed participants and set the
scene for the day. He gave an overview of progress made since the
release of Strategy 2011, highlighting ASIC's
contributions through its MoneySmart website and teaching
The Hon. Bernie Ripoll MP
The Hon. Bernie Ripoll MP, the then Parliamentary Secretary to
the Treasurer opened the Forum and emphasised the Government's
strong support for financial literacy. He observed that financial
literacy is not only important for individuals making decisions
about money, it also supports and complements regulation and so
contributes to better protection for consumers and investors.
Paul Clitheroe AM
Paul Clitheroe AM, Chairman of the Australian Government
Financial Literacy Board chaired the event. He talked about the
importance of financial literacy in a rapidly changing world and
acknowledged that making change is a long-term journey. He also
illustrated the impact better financial decision-making can have on
an individual's life, sharing the story of a young man called
Daniel, who succeeded in taking charge of his debt problems and
turning his life around.
Diana Crossan, Chief Executive of Wellington Free Ambulance
offered a global perspective gained through her past roles as
Retirement Commissioner at New Zealand's Commission for Financial
Literacy and Retirement Income and member of the OECD's
International Network on Financial Education. She shared her
insights on what we can learn from other countries.
David Kneebone, Executive Director of New Zealand's Commission
for Financial Literacy and Retirement Income spoke from a New
Zealand perspective. He gave an overview of the current review of
the NZ National Strategy for Financial Literacy and reflected on
the big questions being asked, such as how to achieve the greatest
impacts for the most people, over time.
Paul Clitheroe convened a panel session looking at ways of
working together to improve Australians' financial literacy and
identifying potential strategic opportunities and partnerships
across sectors, with panellists:
- Kate O'Donnell, Chief Executive Officer, NSW Institute of
Teachers - focusing on building financial literacy through formal
- Air Commodore Robert Brown, Chairman, Australian Defence Force
Financial Services Consumer Centre - focusing on workplace
- Linda Elkins, Executive General Manager, Colonial First State -
focusing on the role of the business sector in financial literacy
- Tony Robinson, Senior Manager, Financial Inclusion, Brotherhood
of St Laurence - focusing on community programs assisting the
Three concurrent focus sessions were held in the afternoon to
enable participants to share their views on issues and priorities
to be considered in the 2014 Strategy, exploring the key
- What are the changes in behaviour we want to achieve?
- Given the opportunities and resources that are likely to be
available, what are the key actions that we can take in the next
three years that will make the most difference?
- What are some current activities where there are successful
partnerships within or across sectors? Given these, what are some
ways to improve how we work together?
Session 1: The learning landscape - formal education
Moderator: Jen Quick, Curriculum Manager, Business and
Economics, Victorian Curriculum and Assessment Authority
Session 2: Information when needed - tools and resources
Moderator: Kate Donnelly, Head of Office of the CEO, AMP
Session 3: Beyond information - targeted guidance and
Moderator: Michelle Crawford, Deputy CEO - Development and
Innovation, Good Shepherd Microfinance
Last updated: 17 Dec 2015