Financial System Inquiry submission

Good Shepherd Microfinance and Good Shepherd Youth and Family Service welcome the opportunity to make a submission to the Financial System Inquiry which will establish a direction for the future of Australia’s financial system. In our submission, we argue strongly for financial inclusion and resilience building as a means by which to encourage economic mobility and to eliminate the consequences of financial hardship in Australia. We believe that financial inclusion and building resilience should be a stated aim of the Australian financial system.

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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.