Financial System Inquiry – draft terms of reference

Good Shepherd Microfinance has made a submission on the Financial System Inquiry’s draft terms of reference. We argue for the inclusion of several important issues, predominantly financial exclusion, in the Terms of Reference of the Australian Financial System Inquiry. We welcome the recent announcement by the Federal government to conduct an Inquiry of financial system; especially the intention of the government to make recommendations that will foster an efficient, competitive and flexible financial system, consistent financial stability, prudence, integrity and fairness.

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Our hearts and thoughts go out to everyone impacted directly or indirectly by the coronavirus pandemic.

Good Shepherd will continue to provide No Interest Loans (NILS) to people in our community who need this support. We are revising our financial hardship policy and will keep you updated. For assistance, please contact your nearest NILS provider or Good Money store.