Moneysmart is a project of the Australian Securities & Investments Commission (ASIC) that comprises a website, publications and education programs. It provides information, online tools and access to print publications.[1] to help people make financial decisions, presented as "simple guidance you can trust".[2]

History

The Moneysmart website was officially launched on 15 March 2011,[3] as part of the Australian Government's National Financial Literacy Strategy 2008–2010.[4]

In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money[5] website. Moneysmart replaced two consumer websites that were previously maintained by ASIC: Understanding Money[6] first launched in 2006, and FIDO.[7] FIDO was launched by ASIC in 2000 and stood for "Financial Information Delivered Online".[8]

The Moneysmart website was redesigned and relaunched on Wednesday 5 February 2020.[9]

Resources

The Moneysmart website covers a range of financial topics, including banking and budgeting, mortgage loans,[10] credit and debt,[11] fraud protection and identity theft,[12] investing[13] and planning,[14] super[15] and retirement insurance,[16] and resources for teachers. It also may refer users to financial advisors for unique situations,[17] and has around 25 tools and calculators that people can use to help them understand the issues they face and make better financial decisions. As well as the online calculators, there are mobile calculator applications for the Android OS and the Apple iPhone.

Moneysmart publishes a monthly e-newsletter called Moneysmart Tips,[18] and has a social media presence on Facebook, Twitter and YouTube. Moneysmart is a key tool under the National Financial Capability Strategy 2018,[19] to increase consumer education and help Australians achieve greater control of their finances.

References

  1. ↑ "Your Rights at Retirement" (PDF). humanrights.gov.au. Australian Human Rights Commission. p. 38. Retrieved 1 October 2022.
  2. ↑ Ferguson, Adele (2018-10-18). "Clock ticking on Dollarmites survival, time for ASIC to step up". smh.com.au. The Sydney Morning Herald. Retrieved 31 August 2022.
  3. ↑ 'Moneysmart launch Archived 2011-11-12 at the Wayback Machine' ( 15 March 2011) Moneysmart
  4. ↑ Australian National Financial Literacy Strategy (March 2011) National Financial Literacy Strategy
  5. ↑ 'Treasurer announces ASIC to take on Financial Literacy Archived 2013-07-05 at archive.today' (13 May 2008) Treasury Ministers Portal
  6. ↑ Understanding Money
  7. ↑ FIDO
  8. ↑ "asic.gov.au". www.asic.gov.au. ASIC. 2011-03-15. Retrieved 22 September 2022.
  9. ↑ "4.1 ASIC's Moneysmart". transparency.gov.au. ASIC. Retrieved 30 August 2022.
  10. ↑ Muddit, Jessica (2022-08-26). "How To Choose The Best Home Loan For You". Forbes. Retrieved 30 August 2022.
  11. ↑ "Get help when you're in debt". Business Victoria. State Government of Victoria. Retrieved 31 August 2022.
  12. ↑ Boyd, Tony (2022-09-23). "The Optus hack will cost millions (and not just in payouts)". afr.com. Australian Financial Review. Retrieved 2022-09-25.
  13. ↑ Seeto, Tamiko (2022-08-31). "8 passive income ideas to help you build wealth". canstar.com.au. Canstar. Retrieved 31 August 2022.
  14. ↑ Hendley, Shona (2022-08-11). "If you're putting off writing a will, consider this your sign to do it By Shona Hendley". smh.com.au. The Sydney Morning Herald. Retrieved 31 August 2022.
  15. ↑ Sankey, Craig (2021-10-31). "How to decide between your mortgage and extra super payments". thenewdaily.com.au. The New Daily. Retrieved 30 August 2022.
  16. ↑ "ASIC secures over $102 million in remediation for Freedom Insurance customers, with more to come". nationaltribune.com.au. The National Tribune. 2022-08-17. Retrieved 30 August 2022.
  17. ↑ Schmidt, John; Leggatt, Johanna (2022-08-10). "How To Build Wealth In Australia". Forbes. Retrieved 30 August 2022.
  18. ↑ Moneysmart eNewsletter Moneysmart
  19. ↑ "National Financial Capability Strategy". (2018) National Financial Capability Strategy.
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