advocacy

Submission in response to Inquiry into financial services regulatory framework in relation to financial abuse

13/06/24

Uniting Communities thanks the Parliamentary Joint Committee on Corporations and Financial Services for undertaking an inquiry into financial services regulatory framework in relation to financial abuse.

We work directly with individuals and families that have been impacted by financial abuse and understand the challenges and obstacles experienced by victims when seeking support from banks and other financial services.

Our submission strongly focuses on the impact of financial abuse on older people, given our expertise within our Law Centre (including the specialist Elder Abuse Unit), and because we believe this cohort is increasingly vulnerable to financial abuse due to the rapid changes of digital technology.

Submission to Inquiry into financial services regulatory framework in relation to financial abuse