NSW Financial State Election Platform 2019

The NSW Financial Inclusion Network is pleased to release its State Election Platform 2019

This New South Wales election provides a real opportunity to address the state’s extraordinary levels of financial exclusion and commit to increasing financial inclusion.

Two million Australians experience severe or high financial stress with one in five reporting that they cannot raise two thousand dollars in an emergency.

This election platform highlights the issue of financial exclusion in New South Wales and calls for action in addressing the issue.

Increasing financial inclusion requires action to:

• Adopt a whole of government approach to address financial exclusion
• Invest in building financial resilience
• Develop financial inclusion strategies for Aboriginal communities and people living remotely
• Develop innovative programs to intervene early and prevent tenant debt
• Seek urgent action from the federal government to change legislation on payday loans and rent to buy goods