National Financial Literacy Strategy
The National Financial Literacy Strategy 2014-17 is led by the
Australian Securities and Investments Commission (ASIC). It sets
out a national direction for financial literacy and provides a
flexible framework for action across the government, business,
community and education sectors.
Vision and underpinning
The 2014 Strategy aims to improve the financial wellbeing of
Australians by advancing their financial literacy.
The Strategy is underpinned by the following core
- Shared responsibility: Improving financial
literacy is a shared responsibility across the Australian
government, business, community and education sectors
- Engagement and effectiveness: An approach
tailored to life stage or personal circumstances can help motivate
Australians to build financial literacy and manage their money
- Encouragement of good practice: Open sharing
of knowledge about lessons learned from financial literacy
initiatives contributes to improving evaluation and measurement
capability and practice.
- Diversity and inclusiveness: Programs and
information, tools and resources must be delivered in an accessible
form, recognising the different ways people learn, so that all
Australians can participate.
Read the 2014
2014 report, National Financial Literacy Strategy 2014-17
to find out about financial literacy in action in Australia.
The Strategy identifies five strategic priorities. The
Action plan describes indicative actions for all
stakeholders, including ASIC, in these priority areas. For details
of core actions and key indicators of progress, see financial literacy action
The Strategy is coordinated by ASIC, the Australian Government
agency with lead responsibility for financial literacy, consistent
with its statutory objective to promote the confident and informed
participation of consumers and investors in the financial system.
It is also promoted and supported by the Australian Government Financial Literacy
ASIC reports on progress in implementing the Strategy. Reports
are published on this page, as they are released. The first annual
highlights report was published in November 2015, see Annual
highlights report: 2014-15, and the second in February 2017,
see Annual highlights report:
ASIC hosted a National Financial Literacy Stakeholder Forum in
Sydney on 19 November 2015. For program details and to view video
highlights of presentations and panel discussions, see Forum 2015.
Progress under the Strategy depends on a concerted approach by
many stakeholders actively supporting and contributing to the
Strategy. To discover who they are and what they're doing, or to
find out how to become a Strategy supporter, see supporters.
These reports are a collective account of activity by ASIC and a
range of organisations delivering financial literacy initiatives in
alignment with the 2014 Strategy. They provide a snapshot of the
richness and diversity of programs and activities being undertaken
While considerable progress has already been
made, bringing about a significant change in Australians' financial
literacy levels is a long-term journey - one that will take at
least a generation. This Strategy is intended to inspire and assist
financial literacy stakeholders to continue the good work in the
Last updated: 12 Oct 2017