find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (1-3 PAE)
Category: Insurance and Superannuation Law | Location: Sydney NSW 2000
· Join a dynamic Firm · Excellent career growth opportunity
View details
In-house lawyer 1-4 PAE
Category: Generalists - In House | Location: Adelaide SA 5000
· Leading Brand · Report to a Dynamic Legal Counsel
View details
Firm to assist in combating national financial stress

Firm to assist in combating national financial stress

financial stress

Ashurst will lend a hand to over 2 million vulnerable Australians experiencing severe financial stress in its role as independent legal adviser on a new national program.

The firm has announced that it is advising Good Shepherd Microfinance on a pro bono basis in the establishment of its financial inclusion action plan (FIAP) program.

Under the agreement, Ashurst will act as an independent adviser as leaders from the government, business and education sectors work to facilitate plans to promote financial inclusion and resilience for those exposed to financial stress.

Far too many Australians have poor economic resources, poor financial knowledge and poor access to mainstream financial services,” Ashurst partner Kenneth Nguyen said.

“These Australians, especially women, are at risk of poverty and vulnerability to predatory lending and the consequential effects on health and wellbeing.

“Closing this gap is an important part of the firm's ongoing pro bono work, dedicated to assisting marginalised individuals.

According to Mr Nguyen, the program will entail 12 participant organisations outlining the measurable actions they will take to strengthen financial inclusion and resilience for large numbers of people, with a particular focus on women.

This includes those who may have limited access to mainstream banking services because of low income or financial abuse, Mr Nguyen noted.

The establishment of the FIAP is part of the federal government’s G20 and United Nations commitments to increase income equality.

This comes after it was estimated that an increase in financial inclusion could boost household wealth by $50.9 billion, raise the GDP by $19.7 billion and save the government approximately $2.6 billion.

There are 2 million people in Australia experiencing severe financial stress. Many of them are women,” said Adam Mooney, the CEO of Good Shepherd Microfinance.

“This economic modelling shows that by working together through product development, education and employment we can enable large numbers of people to reduce their financial stress and build their longer-term resilience to reduce gender inequality.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Firm to assist in combating national financial stress
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...