Financial Abuse Awareness Education

Description

“Financial abuse occurs when someone takes away another person’s access to money, manipulates another person’s financial decisions, or uses another person’s money without their consent.” Australian Banking Association

The abuser could be a partner, a family member, carer, guardian, or friend. Where the abuser is a partner or family member, the abuse constitutes family violence. Financial abuse is a serious and far-reaching problem that can happen to anyone. However, some people, such as the elderly, people with cognitive impairment, people with a disability, or other vulnerable people are at greater risk, as they are more likely to depend on others for assistance with their financial matters.

Financial abuse is about the power, control, and manipulation of an individual. Financial abuse often occurs with other forms of violence, including physical violence, intimidation, and controlling behaviour. The abuse is generally long-term and may continue after an individual has left an abusive partner.

Members of the Australian Banking Association (ABA) agree to abide by the ABA’s Banking Code of Practice (Banking Code). This course has been designed to provide information about the Banking Code, the key provisions that relate to mortgage brokers and guidance to help you better identify potential financial abuse.

Estimated Time To Complete

Learning Outcomes

By the end of this course, you will be able to