The Albanese Labor Government is partnering with industry stakeholders and the financial counselling sector to implement an innovative industry funding model to ensure increased access to financial counselling services for Australians.
Under the new Industry Funding Model for Financial Counselling, the Government has secured agreement for three-year funding commitments from industry, totalling around $30 million.
This is in addition to the almost $50 million per annum for financial counselling services that the Commonwealth provides, and around $30 million contributed annually from state and territory governments.
Approximately 125,000 face-to-face clients are helped each year by financial counsellors and 130,000 calls a…
Read the full article at: https://ministers.dss.gov.au/media-releases/13201