Queenslanders facing financial hardship are vulnerable to predatory lenders, spiralling debt patterns and poverty, affecting relationships, housing, health and life outcomes.
To help build a stronger financial future for Queenslanders, the Palaszczuk Government recently released the Queensland Financial Inclusion Plan and, as part of the plan, announced a commitment of $25 million over four years from 2016–17.
The funding is for a new Financial Resilience Program, including more financial resilience workers and counsellors, continued emergency relief and the opening of Good Money stores.
In delivering the plan’s initiatives, the government will partner with non-government, corporate and finance sectors.
The government will work together to better prepare Queenslanders for cost-of-living pressures and to provide access to safer, more affordable banking products, which is good news for families, individuals and our state.
For more information, visit www.qld.gov.au/financialinclusionplan.