Meetings / Progress to Date
In the 12 months from January 2008 to January 2009, the IFSN project has made considerable progress - the following are some of the key highlights to date:
- Four meetings held (Feb 08, May 08, Aug 08, Nov 08), strong commitment of all participants evidenced by regular attendance & active contribution to agenda.
- Indigenous Advisory Group (IAG) established to provide advice, direction and strategic inputs into the IFSN, bringing together well respected Indigenous leaders from across Australia.
- Solid progress made on actions agreed to by participants, in the areas of improving financial literacy, addressing key issues faced by Indigenous consumers & developing Reconciliation Action Plans (RAPs), creating opportunities for Indigenous employment.
- Four "priority" initiatives selected by participants, to address over the course of the project, including:
- High cost of electronic banking
- Customer ID in remote communities
- Developing an effective communication strategy for Indigenous consumers
- Proposal to replicate IFSN model for Superannuation / Investment products
- Capacity building by creating opportunities for Indigenous organisations to network / develop partnerships across industry / government.
For more details, please refer to the IFSN Final Report.
