:quality(75))
The Financial Abuse of Older People Action Collaborative, led by the Australian Human Rights Commission with funding from the Commonwealth Attorney-General’s Department, recently held its first meeting to develop practical measures to identify, respond to and prevent financial exploitation.
The initiative builds on the Commission’s Financial Elder Abuse Project 2023-24 and supports the National Plan to End the Abuse and Mistreatment of Older People 2026-36.
About one in six older Australians experience abuse, including financial abuse. Increasing cost-of-living pressures, delays in intergenerational wealth transfers and concerns about so-called “inheritance impatience” are expected to increase the risk of financial exploitation.
Banking giants Westpac and CBA are among the organisations.
All comments are moderated. Please visit our terms of use for guidance on how to engage with our community.