Financial Wellbeing and Capability Overview of Changes

The Australian Government has a new way of working that recognises and supports the work of civil society organisations. These new arrangements will reduce red tape, provide greater opportunity for collaboration in the delivery of services and generate better outcomes for communities and individuals by effectively targeting community needs and priorities while reducing duplication and administrative burden.

As part of these changes, the Financial Management Program (FMP) will soon become the Financial Wellbeing and Capability Activity.  The intention is to offer more integrated support and better wrap around services which promote financial capability and better help people avoid or resolve financial difficulties and achieve self-reliance.  Early intervention and prevention approaches will also be a focus of this activity.

Provided is information about these changes.

Applications for grant funding under the new arrangements will open on 19 June 2014 and close 23 July 2014.  More information can be found at http://www.dss.gov.au/grants.

Please note some services offered under the FMP/FWC will not be part of the grant rounds opening on the 19 June 2014 as their funding does not terminate until June 2015.

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