The Indigenous Super summit was held in Brisbane in August 2019. Our Financial Counsellor Zeni Ferntree attended on behalf of MoneyMob as one of 7 financial counsellors who work in remote Australia.
There was many super companies there to hear about the difficulties for Indigenous people to access their superannuation. Each Financial Counsellor shared a case study and we discussed changes to the Financial Counselling funding restricting how we work with clients assisting them with super.
The super companies explained their reconciliation plans followed by a presentation from the Australian Taxation Office about their key advocacy priorities to improve superannuation and retirement outcomes from Indigenous Australians including kinship, beneficiaries, financial hardship, lost super and access to super are treated.
An action plan was created with some of the following outcomes;
- Allow financial counsellors to act as third party representatives for members and funds to use the financial counsellor register to give them confidence that a counsellor is a registered third party
- Partner with financial counsellors and capability workers on the implementation of new processes
- Provide cultural awareness training to staff as part of their professional development. Develop training tools to use and share across the industry
- Work towards building an industry code of conduct
- Continue to have and participate in Indigenous Super Summits