Forum 2013

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

Forum program

Download the 2013 Forum program

Summary of key themes

See how graphic recorder Gavin Blake of Fever Picture captured the day's discussions.

Go to Key themes

Plenary sessions

Peter Kell

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 initiatives.


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.

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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.

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Diana Crossan

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

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.

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Panel session

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 school education
  • Air Commodore Robert Brown, Chairman, Australian Defence Force Financial Services Consumer Centre - focusing on workplace programs
  • Linda Elkins, Executive General Manager, Colonial First State - focusing on the role of the business sector in financial literacy programs
  • Tony Robinson, Senior Manager, Financial Inclusion, Brotherhood of St Laurence - focusing on community programs assisting the disadvantaged


Focus sessions

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 questions:

  • 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 pathways

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 support

Moderator: Michelle Crawford, Deputy CEO - Development and Innovation, Good Shepherd Microfinance


Last updated: 17 Dec 2015