Financial Counselling Industry Fund
The Australian Government announced(Opens external website) the Financial Counselling Industry Fund (the Fund) on 19 April 2024. An independent not-for-profit body, it will distribute funding under the model.
The Government invested $1.5 million to support the Fund’s initial set up. Membership includes 2 directors representing industry and 2 directors representing the financial counselling sector. Peter Kell, former Chief Executive of CHOICE, is Chair. Elissa Freeman, former independent chair of the Australian Energy Regulator’s Customer Consultative Group, is Chief Executive Officer.
For further information, visit the Financial Counselling Industry Fund website(Opens external website).
For further information on the model, contact FCR@dss.gov.au.