Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/278331 
Authors: 
Year of Publication: 
2023
Series/Report no.: 
UNRISD Working Paper No. 2023-03
Publisher: 
United Nations Research Institute for Social Development (UNRISD), Geneva
Abstract: 
In Australia, financial hardship caused by over-indebtedness is no longer only experienced by the most vulnerable social group but is now prevalent among the general population. This scoping paper analyses the money advice and debt management system in Australia with emphasis on their effectiveness. First, money advice is divided into debt counselling and financial advice services. Public organizations and government departments responsible for money advice are assessed in terms of their role, approach, brief history, interrelationship and impact on people. Second, debt management options and responsible institutions are investigated in detail. Less is known about the impacts of different debt management options since little research is currently available. Therefore, this scoping paper concludes that while preventative, curative and rehabilitative measures are available for Australian debtors, interaction among stakeholders within the system must expand together along with the publication of an evaluation of the country's financial service landscape.
Document Type: 
Working Paper

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