Plenary session 2

Topic: Opening address

Speaker: The Hon. Bernie Ripoll MP, Parliamentary Secretary to the Treasurer

View accessible text version

Illustration of plenary session 2

Plenary session 2

 Illustration by Gavin Blake of Fever Picture

Accessible text version

The Hon. Bernie Ripoll MP, Parliamentary Secretary to the Treasurer

Financial literacy gives strength to regulation

  • The two go hand in hand
  • Financial literacy is a front and centre issue
  • We saw a huge need for financial literacy recently - 2008 GFC
  • Payday lending: some great improvements and changes (see MoneySmart: Small amount loans)
  • There are other options available: like the MoneySmart website, TrackMySpend app, the Department of Human Services - Centrelink's Financial Information Service
  • Great programs in the corporate world (eg ANZ)
  • High earners can be just as illiterate as low income earners
  • Surprisingly, kids are quick learners in this space
  • We have to participate more in our financial future - let's work together

Last updated: 17 Dec 2015