Australia

2023 Australia Global Money Week

PARTICIPATING ORGANISATIONS:

  • Australian Securities and Investments Commission, ECSTRA, FPA Australia, South Australian Financial Counsellors Association

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 4

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 112 422

NUMBER OF ADULTS REACHED DIRECTLY:

  • 324 492

To support Global Money Week 2023, ASIC launched a social media campaign around this year's theme of ‘Plan your money, Plant your future’. The campaign used Facebook, Twitter and Instagram to share Moneysmart resources with both young people directly and their ‘influencers’ - parents and teachers. Paid social media posts targeted a younger audience (18-35) with key messages around planning your money to reach your goals and getting ready to invest. Across a mix of paid and organic content on Facebook, Twitter and Instagram, we reached 447550 social media users (impressions) and had 2484 engagements (post reactions, shares, link clicks etc).


2022 Australia Global Money Week

PARTICIPATING ORGANISATIONS:

  • Australian Securities and Investments Commission (ASIC), Hunter School of the Performing Arts, Royal Australian Mint

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 3

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 253,864

NUMBER OF ADULTS REACHED DIRECTLY:

  • 54,046

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 51,094

To support young people make money choices that work for them, the Australian Securities and Investments Commission (ASIC) released a new online resource, Get Moneysmart. This resource is designed to make it easier for young people to manage their money and deepen their understanding of key money concepts and behaviours. Throughout Global Money Week, over 300,000 Australian young adults, parents and teachers were reached through social media channels.

early for retirement. After discussion with their mathematics teacher, students were challenged to write their own article inspired by the stimulus piece. They were given several choices, or could negotiate their own topic.

Teachers then nominated student work to be published. These will be compiled into a community e-book, a third edition in the Money Talks series, available in the Hunter School of the Performing Arts website.


2021 Australia Global Money Week

PARTICIPATING ORGANISATIONS:

  • Australian Securities and Investments Commission (ASIC)

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 1

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • Not reported

NUMBER OF ADULTS REACHED DIRECTLY:

  • Not reported

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 450,000

The Australian Securities and Investments Commission (ASIC) took part in Global Money Week 2021 through social media promotions using the Global Money Week hashtag, directing Australians to resources on Moneysmart.gov.au during the week. Promotions achieved a total of 454,962 social media impressions.


2019 Australia Global Money Week

LEADING ORGANISATIONS:

  • Association of Financial Advisors (AFA)
  • Banqer (Australia and New Zealand)
  • Hunter School of the Performing Arts

PARTICIPATING ORGANISATIONS:

  • 1 Media Organisation, 29 Schools, Arataki, ASX, Canteen NZ, Financial Planners Association of Australia, Heart Kids NZ, Kids Can, Kiwibank, Koha Community, MYOB, Netwealth, NZX, Pink & Steel, RIP Global, Southern Cross Financial Planning, VUW Women in Tech, Young Enterprise Trust NZ

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 1 535

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 521 973

Association of Financial Advisors (AFA)
2019 marked the first year that the Association of Financial Advisers participated in Global Money Week. Throughout the Week, emails were distributed, containing the Top Tips for Children, to provide ways in which children can learn about money. In addition to this, the Association was interviewed on Tv, providing advice on money and promoting GMW.

Banqer (Australia and New Zealand)
Prior to the Week, Banqer reached out to their partners in different organisations, inviting them to record short videos, where they teach children about different concepts of money. These videos were then shared on the bank’s social media channels during Global Money Week, to reach children and youth remotely. The Week was launched by both the ASX and NZX, with the ‘Ring-the-Bell’ opening session to start the trading day on the 25th of March. The students learnt a lot from the experience and told the bank representatives that the session made them feel important and included in the world of finances. The Bank organised a money box competition, where the children were asked to design and create their own money boxes and were asked to give three different ways of how they could earn the money that they would be keeping in their money boxes. All children were encouraged to donate a portion of the money that they earn to charity. In 2018, the Banqer children in New Zealand donated over $3 million to three different charities, which was shared at an event organised at a Banqer School.

Hunter School of the Performing Arts
Prior to the Week, the School participated in the GMW Countdown Challenge. During the Week, the students were invited to write about the cleverest thing they have done with their own money, or what someone they know has done. All students received a participation award. The most interesting and well written essays were published in an e-book for the parents and the community.


2018 Australia Global Money Week

LEADING ORGANISATIONS:

  • Australian Securities and Investments Commission (ASIC)
  • Banqer

PARTICIPATING ORGANISATIONS:

  • N/A

NUMBER OF CHILDREN REACHED DIRECTLY:

  • N/A

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 115 475

Australian Securities and Investments Commission (ASIC)
Throughout Global Money Week 2018, The Australian Securities and Investments Commission used its online platforms to promote GMW to over 115,000 people through social media and website content.
The specially created webpage on ASIC's MoneySmart website, “Global Money Week – Teaching Kids About Money” features new videos with renowned Australian Math teacher, Eddie Woo (of WooTube) and Australian school children discussing money matters. Promotion of these online resources were spread on MoneySmart's Facebook and Twitter during the Week.

Banqer
Throughout the Global Money Week 2018, Banqer, along with partners, reached our to their 50,000 student users throughout Australasia to canvas their money tips. They then shared the best of these money tips via social media during the week, and at the end of the week produced a poster sharing the best of these tips!


2017 Australia Global Money Week

LEADING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 11 688

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 87 534

Australia has continued their celebration of Global Money Week for the second year together with the joint leadership of the Australian Securities and Investments Commission (ASIC) and the Mortgage and Finance Association of Australia (MFAA). Activities have both involved national and local engagements within the communities that the organisers were present. These activities ranged from providing financial literacy materials that were released through the national education platform, or by going forward with awareness-raising campaigns organised by local finance practitioners to their schools.

To mark Global Money Week, ASIC's MoneySmart offered practical tips and resources for parents to help them teach children about money to establish good money habits for life. “The development of mobile banking and online shopping reinforces the importance of teaching kids about money matters to help them develop sound financial habits for life”, Peter Kell, ASIC's Deputy Chairman, said “for parents, there are many situations in everyday family life that present opportunities to talk to children about managing money, including the basics such as how to budget, spend and save." In this programme, ASIC’s MoneySmart offered the following practical tips to help parents have money conversations and modules with kids:

  • At the ATM: explain where the money's from and how you've earned it- it's not just a hole in the wall where money comes out.
  • At the supermarket: prepare a list, research prices, and show how you can save money if you shop around.
  • Budgeting: involving kids in discussion about family budgeting can prompt learning about differentiating between needs and wants, costs and spending. ASIC's MoneySmart Budget Planner is a great tool you can use.
  • Pocket money or income from a part-time job present opportunities to discuss setting financial goals and saving up for them and understanding the value of money.
  • Mobile phones – discuss options for phone plans and checking and managing data usage to control costs.
  • Encourage older children to visit ASIC's MoneySmart website and use its free calculators, apps and resources, as well as tailored information for young people starting out.

Supplementing the national efforts led by ASIC, the MFAA had nationally and locally coordinated activities and initiatives that involved finance and mortgage practitioners across Australia. This has resulted in a number of campaigns and activities across Australia that taught and encouraged money awareness and a readiness to deal with financial matters. The MFAA’s large network of finance and mortgage professionals did this by independently organising activities in their local communities aligning with this year’s theme “Learn. Save. Earn.”. The focus of the member finance and mortgage professionals were to not only involve children in their activities, but also their parents, as they believe that the dialogue between children and parents on spending money is crucial to a child’s money management habits.

2016 Australia Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

  • YMCA St. Marys, Blackett Public School, MGC, St Brgids Primary School in Nerang, The Grance Community Centre, Walford College, St. Spyridon College, Elderslie High School, Asquith Girls High School, YMCA Werrington County OSHC, University of Wollongong Innovation Campus, St Mary Star of the Sea College Wollongong, North Sydney Boys High School, Beverly Hill Girls High School, North Sydney Girls High School, Buddharangsee Thai Community Language & School, Dhammachai Education Foundation, Lourdes Hill College, Sylvania Heights Public School, Oberon High School, Attwood House Community Centre, Hornsby North Public School, Mercy College, Sydney Grammar School, Caroline Chisholm College, Mary Mackillop Primary School, Dapto High School

DATE OF EVENT:

  • 14th - 18th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 6 800

Australia celebrated Global Money Week for the very first time through the efforts of the Australian Securities and Investments Commission (ASIC) and the Mortgage and Finance Association of Australia (MFAA). The activities that were done across Australia ranged from creating and distributing financial literacy materials to publishing and releasing nationwide awareness-raising campaigns.

To mark Global Money Week 2016, ASIC released practical tips and resources for parents and teachers to help them teach children about money and to establish healthy money habits for life. As Peter Kell, ASIC's Deputy Chair, stated, "in a rapidly changing world, with money increasingly invisible in many financial transactions, teaching children and young people about money matters will give them essential skills for life." He also added that "as the Australian Government agency responsible for financial literacy, ASIC is keen for young Australians to develop sound financial habits and behaviours from an early age so they can better navigate financial decisions and challenges in adult life." This whole programme was named by the institution as the ASIC MoneySmart Programme, which will continue on after Global Money Week. Serving as a launching platform, Global Money Week highlighted the increasing importance of financial literacy among the young people in Australia.

The MFAA, on the other hand, invited and initiated multiple campaigns and activities across Australia promoting money awareness among the younger generation. They have achieved this through the participation of the association’s large network of member finance and mortgage professionals. There were about 68 activities launched across the country that involved participation among finance and mortgage professionals, children and their parents. In addition to the activities, the MFAA has also distributed a book on financial literacy aimed to equip parents and finance professionals on how to educate young people about money management and savings. During the entire week, the GMW celebrations highlighted the importance of saving and how children would be able to wisely invest in their futures.


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