Addressing financial abuse
Fourth Action Plan actions
- Primary prevention is key
- Respect, listen and respond to the diverse lived experience and knowledge of women and their children affected by violence
- 11 Deliver policies and services to address the disproportionate impact of violence on particular groups.
What are we doing?
The Commonwealth Government will work with government, non-government and industry stakeholders to:
- map existing approaches to preventing financial abuse to identify effective initiatives, gaps and areas for improvement
- design and deliver new initiatives to prevent financial abuse
- improve the overall coordination and delivery of initiatives aimed at preventing financial abuse
- educate people about healthy financial relationships
- equip financial service providers with resources to assist those at risk of financial abuse
- develop resources that consider the unique experience of specific groups of women, including:
- Aboriginal and Torres Strait Islander women
- women with disability
- women from culturally and linguistically diverse (CALD) backgrounds
- LGBTIQ+ women.
- The Commonwealth Government will provide $2.0 million between 2019–20 and 2021–22 to fund this initiative to prevent financial abuse.
What is next?
- Mapping and research will take place in the second half of 2019
- Consultations with key stakeholders will be conducted in the first half of 2020
- Initiatives will be developed in 2020, including short video clips for social media and web modules for frontline financial services providers. These products will be tested through market research.
- Implementation will commence following product design and market research, with the release of video clips on social media and web modules to financial services providers.
- An independent evaluation will be finalised in 2022.
What difference will we make?
The intended outcomes of this initiative include:
- increased awareness of financial abuse
- changes in attitudes and greater recognition that financial control in a relationship is unhealthy
- reduced incidence of financial abuse over the long-term.
These activities will contribute to changes in awareness and attitudes measured through the National Community Attitudes towards Violence against Women Survey (NCAS).
An independent evaluation will measure the success of individual initiatives, including measures of reach, such as downloads of the resources.