Skip to main content
Financial Assistance Hub

South Australian unit an example of what needs to be done

20 June 2018

The South Australian Government’s introduction into parliament today of a bill to establish an Adult Safeguarding Unit delivers on a key change campaigned for by Australia’s banks and senior’s groups to establish a body to make good faith reports of suspected elder financial abuse that can then be investigated.

In February, Australia’s banks renewed their push for change and called on the Federal, state and territory governments to make key policy decisions by Christmas. These changes are:

  • Standardised Power of Attorney orders across state and territories
  • An online register of Power of Attorney Orders
  • A designated safe place for local bank staff and members of the public to report suspected abuse.

On Monday the Council on the Ageing, National Seniors, the Older Persons Advocacy Network and the Finance Sector Union all joined forces with the banking industry to mobilise the Australian public behind the campaign for change, launching an online petition.

Australian Banking Association CEO Anna Bligh said that this was an important win for the senior’s groups and the industry in their campaign to see all levels of government play their part in tackling the problem.

“Australia’s banks, together with seniors groups and the Finance Sector Union, have been lobbying the government for a long time to see key initiatives such as this one established,” Ms Bligh said.

“This is an important step and an example to other states and territories of what needs to be done to address this growing issue.

“There is still a long way to go, with states, territories and the Federal Government needing to accelerate their efforts to standardise Power of Attorney orders and create an online register,” she said.

To get on board with the campaign go to dev2.ausbanking.ds1.pensoagency.com/elderabuse and show your support.

ENDS
Contact: Rory Grant 0475 741 007

Latest news

1 / 3
Transcript
ABA CEO Simon Birmingham interview with ABC Sydney’s Thomas Oriti on offset accounts
29 July 2026

E&OERadio InterviewABC Radio Sydney29 July 2026 Topics: ASIC report into offset accounts Thomas Oriti: Do you have an offset account? I think most people with a mortgage do. If you don’t know what I’m talking about, it’s an account that’s linked to your mortgage and it saves you interest. So, I’ll give you an example…. Read more »

Read more
Transcript
ABA CEO Simon Birmingham interview with ABC News 24’s Ros Childs on offset accounts
29 July 2026

E&OETV InterviewABC News29 July 2026. Topics: ASIC report into offset accounts Ros Childs: Borrowers are being advised to check if they have paid more interest than they should following an ASIC review. The two-year review conducted by the corporate watchdog has found weaknesses in how eight banks monitored and managed offset accounts, resulting in borrowers… Read more »

Read more
Transcript
ABA CEO Simon Birmingham doorstop on ASIC’s report into offset accounts
29 July 2026

E&OETV InterviewDoorstop29 July 2026 Topics: ASIC report into offset accounts Journalist: Simon, what’s your reaction to the report from ASIC today? Simon Birmingham: ASIC’s report is really important and it’s welcomed by the banking industry. This report shows that in well over 99 per cent of cases, mortgage offset accounts are working exactly they should… Read more »

Read more