Strategy 2014

National Financial Literacy Strategy 2014-17

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 principles

Vision

The 2014 Strategy aims to improve the financial wellbeing of Australians by advancing their financial literacy.

Core principles

The Strategy is underpinned by the following core principles:

  • 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 effectively
  • 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 Strategy

NFLS-thumbnailRead the 2014 report, National Financial Literacy Strategy 2014-17 to find out about financial literacy in action in Australia.

Action plan

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 plan.

Coordination and reporting

Coordination

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 Board.

Reporting

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: 2015-16.

2015 Forum

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.

Strategy supporters

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.

Annual highlights reports

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 around Australia.

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 years ahead.


Related links

 


Last updated: 12 Oct 2017