South Australia Financial Counsellors Association in Payneham | Financial service

South Australia Financial Counsellors Association

Locality: Payneham

Phone: +61 8 8337 0898

Address: Suite 7, Wellington Centre, 2 Portrush Rd 5070 Payneham, SA, Australia

Website: http://www.safca.org.au

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22.01.2022 Raise the Rate for good

21.01.2022 The Payday Loan Debt Trap

20.01.2022 Stop the Debt Trap - Stop Predatory Lending. SAFCA supports the Consumer Action Law Centre campaign to stop predatory lending. The Government had four years to act, and they did nothing. Now we’ve reached a point where thousands of people risk falling into a dangerous debt trap due to their inaction.... With millions of people out of work due to the Covid-19 health crisis, we’re already hearing reports of people receiving unsolicited marketing messages from payday lenders. In one of the text messages we’ve seen, the lender suggests that people use their car as security to get approved for a loan. Predatory lenders know that many in our community are being affected by the Covid-19 emergency and they’ll be seeking to take advantage of the fall-out. There’s only one course of action to protect people during this crisis: Prime Minister Morrison and Treasurer Frydenberg need to shut down predatory lending. Will you sign the petition calling for an immediate six-month moratorium on all payday lending and rent-to-buy activity? SIGN THE PETITION https://consumeraction.us4.list-manage.com/track/click Over the past month, we’ve witnessed extraordinary measures taken by the Government to ensure the safety of our community. Entire industries have been shut down overnight. Newstart support payments, which the Government had previously refused to increase, were doubled. It’s clear that in these unprecedented times, we need unprecedented action to keep our communities safe. For years, the Government was warned that predatory lending was a ticking time bomb. Yet despite review after review, they took no action now we’re at crisis point. The Government needs to shut down these predatory companies to shield our community from financial disaster. Sign the petition calling on Prime Minister Morrison and Treasurer Frydenberg to urgently halt all predatory lending during the Covid-19 crisis. SIGN THE PETITION https://consumeraction.us4.list-manage.com/track/click Right now, millions of people are in a very precarious position and predatory lenders are in a prime position to profit from them. We cannot let them get away with it, please sign and share the petition. Alycia Gawthorne Campaigns & Advocacy Adviser, Consumer Action Law Centre

20.01.2022 UCare Gawler, as part of the Veterans Financial Wellbeing Pilot Project will be hosting our next FREE Zoom presentation for current serving and transitioning Members and Veterans, covering all aspects of Financial Wellbeing and Financial Capability. Families are also most welcome to join! The workshop will be run by Alan Murray, an experienced Financial Counsellor and Veteran. Date: Thursday 26th November... Time: 12.30am ACST (Adelaide time) Duration: approximately 60 minutes. Note: There will be time for questions at the end of the workshop. More information is in the attached flyer. Bookings via Eventbrite: https://www.eventbrite.com.au/e/financial-wellbeing-capabil Kind Regards Angela Thurston P: 08 8522 4522 M: 0437 211 006 E: [email protected]

19.01.2022 https://www.acoss.org.au/media-releases/ Extend JobKeeper & JobSeeker to ensure nobody is left behind The Australian Council of Social Service is calling on the Prime Minister to commit in his National Press Club address tomorrow to ensuring nobody is left behind in the COVID-19 recovery, including by: Immediately extending JobKeeper, JobSeeker and Medicare to temporary migrants... Continuing the new JobSeeker payment of $560 per week until a social security system is put in place that keeps everyone out of poverty. See more

18.01.2022 THE PAYDAY LOAN PANDEMIC THE BAREFOOT INVESTOR SCOTT PAPE So, I have some bad news. I’ve spent this week fighting a virus. IT’S dangerous, it’s destructive ... and it’s about to explode, and potentially infect millions of people. Let me explain: it’s a financial cousin of the coronavirus which I’m calling the ‘Payday Lending Pandemic’ . ...Continue reading

14.01.2022 Scott Morrison made a Press Release today announcing a Financial Stimulus package in response to the Covid-19 Pandemic. Stimulus payments to households to support growth $4.8 billion to provide a one-off $750 stimulus payment to pensioners, social security, veteran and other income support recipients and eligible concession card holders. Around half of those that will benefit are pensioners. The payment will be tax free and will not count as income for Social Security, Far...m Household Allowance and Veteran payments. There will be one payment per eligible recipient. If a person qualifies for the one off payment in multiple ways, they will only receive one payment. Payments will be from 31 March 2020 on a progressive basis, with over 90 per cent of payments expected to be made by mid-April. A link to the whole press release: https://www.pm.gov.au/media/economic-stimulus-package

11.01.2022 Today, SACOSS (@South Australian Council of Social Service) released their latest Cost of Living update which shows that some households are likely to be better off during the Covid-19 crisis, and calling for people who have not been financially hit to donate to support their local SA charities. Those who lost jobs or working hours have been hit hard, but some households are likely to be better off. This includes those working extra hours, or households that are maintaining t...heir incomes but have lower costs of living including less money spent on petrol and activities outside the home. Charities continue to help those hit hardest while also struggling with the impact of coronavirus. Many have lost the ability to continue their usual methods of fundraising. Others are finding their usual supporters are less able to provide financial support, due to issues with work and income. If your household has newly freed-up income to spare, think about sharing it with those who most need our help. Vital services in the community need your assistance more than ever, to continuing helping the most impacted members of our community. #SAyThanks #ThanksForCaring See more

09.01.2022 (From the FCA Toolkit) Changes to the Banking Code go live from 1 March 2020 The changes coming into effect, as recommended by Commissioner Hayne in his Final Report, include:... Ceasing default interest on agricultural loans while farms are affected by drought or natural disaster Ensuring services to people with limited English and those living in remote areas are inclusive and accessible Removing overdraft and dishonour fees on basic, low fee or no fee accounts for concession card holders The ABA's media release is here - https://www.ausbanking.org.au/a-new-banking-code-of-practi/ Changes to the Banking Code of Practice as recommended by the Royal Commission will go live tomorrow. "These changes to the Code are in addition to a number of actions already taken by banks as a direct result of the Royal Commission", ABA CEO Anna Bligh. See more

09.01.2022 SAFCA is seeking Expressions of Interest for suitable candidates for a vacant SAFCA Board Position. We have a volunteer Board Director position available for a person with experience in systems advocacy and government relations to join the board that governs our Association. This position is not open to SAFCA members, however if you know of someone who would be suitable to this position, please forward the following link.... https://www.seek.com.au/job/50829673

04.01.2022 https://www.servicesaustralia.gov.au//affected-coronavirus This link gives information about Centrelink payments for people affected by Corona Virus (including those who are diagnosed, and/or unable to work), and includes information about the one off $750 payment announced by Scott Morrison last week.

04.01.2022 THE COMMUNITY IS ONSIDE!! A recent Sydney Morning Herald* poll has shown strong support for not returning JobSeeker Payment to the old brutal rate of $40 a day..., with 72% supporting a permanent increase (only 18% opposed and 10% were unsure). It is testament to the advocacy and lobbying by countless people across the country, especially those receiving income support. We need your action to ensure the Government listens. Here is how you can get involved: ****Write to Prime Minister Scott Morrison and Treasurer Josh Frydenberg and tell them why we can never go back to $40 a day. - To write to the Prime Minister: https://www.pm.gov.au/contact-your-pm - To write to the Treasurer: https://treasury.gov.au//contac/ministerial-correspondence ****Also contact your local Federal Member of Parliament and share why we need a permanent increase (register here to contact your MP): https://raisetherate.org.au/contact-your-mp ****Share your story about how you would be affected by JobSeeker being cut by half to its old cruel rate: https://raisetherate.org.au/share-your-story #RaiseTheRate #RaiseTheRateForGood (*Sydney Morning Herald subscriber poll May 6 2020)

02.01.2022 (From the FCA Toolkit) From Newstart Allowance to JobSeeker Payment (and other name changes). There are name changes afoot at Centrelink. From 20 March 2020, Newstart Allowance will stop and instead people will be transferred to the JobSeeker Payment. Other payments stopping from 20 March 2020 for new claims are Sickness Allowance, Wife Pension and Bereavement Allowance. ... You can read more here: https://www.servicesaustralia.gov.au//ce/jobseeker-payment And finally, we'll have to stop talking about "Centrelink". The new name for the Department that oversees Medicare, Centrelink and Child Support payments is Services Australia. See more

01.01.2022 https://consumeraction.org.au/covid-19/ Media release from Consumer Action Law Centre: "More than 30 community service organisations around the country are calling on companies providing essential services such as energy, water, finance, rental housing and telecommunications to take additional steps to support their community during the COVID-19 crisis. Many businesses have existing hardship obligations under law or industry codes of conduct, and should now ensure assistance is easily available."