Joint Media Release with Minister for Families and Social Services The Hon Paul Fletcher MP, Country Liberals Candidate for Solomon Kathy Ganley and Country Liberals Candidate for Lingiari Jacinta Nampijinpa Price
Territorians living in the Top End experiencing financial hardship will benefit from a share of $50 million in funding in the first of three Financial Wellbeing and Capability Activity grants announcements.
Country Liberals Senator for the Northern Territory, Nigel Scullion with CLP Candidate for Solomon, Kathy Ganley, and CLP Candidate for Lingiari, Jacinta Nampijinpa Price, announced that the Coalition Government will fund CatholicCare NT, Anglicare NT, and HK Training & Consultancy to offer critical services in financial resilience.
“This investment will ensure local organisations can continue to help Territorians transcend financial crisis, make informed decisions about their financial affairs and get back on track,” Senator Scullion said.
Mrs Ganley said the CLP was committed to helping people navigate through debt, learn how to better manage their money and become financially independent.
“HK Training & Consultancy will receive funding of $49,959 to run Money Support Hubs, which offer a variety of financial services and products targeted at financially vulnerable people that help build self-reliance and provide access to financial products, servicing Darwin suburbs, from Leanyer to Berrimah and Stuart Park,” Mrs Ganley said.
“The CLP is investing $1 million into CatholicCare NT to run Money Support Hubs across the greater Darwin region, including Palmerston and Anglicare NT has been funded $122,752 for financial counselling services for problem gambling in the greater Darwin region.”
Ms Price said residents in the rural area had not been forgotten with the funding to CatholicCare NT and Anglicare NT to also include them.
“I am pleased to see the funding for CatholicCare NT and Anglicare NT also covers those living in the rural area – Holtze, Howard Springs, Humpty Doo, Southport, Bees Creek, Darwin River, Noonamah, and Acacia,” Ms Price said.
Minister for Families and Social Services Paul Fletcher recently announced that 65 organisations will use the $50 million funding to offer critical services in financial resilience across every state and territory.
“This funding is designed to help Australians who are at disadvantage. This funding will benefit both individuals and families in meeting immediate needs in times of crisis and teaching financial management skills for the long-term,” Mr Fletcher said.
“Community organisations will receive funding to help people get back on track, learn how to better manage their money and become financially independent.
“Nearly 700,000 people accessed Financial Wellbeing and Capability services last year and this announcement enables continuity for organisations, communities and vulnerable Australians.
“Funding will provide financial counselling for problem gamblers, financial literacy and no interest loans of up to $1,500, which enable people on low incomes to purchase essential household items.”
From 1 January 2019, the Government will provide:
- up to $8.2 million for Financial Counselling for Problem Gambling (to June 2020)
- up to $21 million for Money Support Hubs (to June 2020)
- up to $20.1 million for Microfinance (to June 2020)
- up to $2.3 million to build capability for Commonwealth Financial Counsellors and Financial Capability workers (to June 2023).
A further $278 million in Financial Wellbeing and Capability Activity grants will be announced for Emergency Relief, Food Relief, Commonwealth Financial Counselling and Financial Capability and Financial Counselling Helpline services.