Committee Details

Committee's Report

The Committee tabled its report on 31 August 2015, and tabled an Erratum to the report on 18 September 2015. The Queensland Government provided an interim response on 30 November 2015, and a final response on 1 March 2016.

ABOUT THE INQUIRY

The inquiry was referred to the Committee by the Legislative Assembly on 27 March 2015.  The terms of reference (below) require the Committee to report to the Legislative Assembly by 31 August 2015.

1.  That the Communities, Disability Services and Domestic and Family Violence Prevention Committee inquire into and report on the adequacy of existing financial protections for our state’s seniors.

2.  That, in undertaking this inquiry, the Committee should consider:

• the current levels of financial literacy of seniors and how that can be improved, for example by education programs;
• what support and advice is available to assist seniors with their independent financial decision-making;
• online and internet based vulnerabilities and the prevalence and vulnerability of seniors to scams;
• agencies and organisations that provide advice and support to seniors requiring financial protection; and
• the role of the financial sector in ensuring adequate safeguards for seniors in relation to financial decision-making.

3.  Further, that the Committee seek public submissions and consult with key stakeholders, including seniors’ representative bodies, the financial sector and relevant experts

4.  Further, that the Committee report to the Legislative Assembly by 31 August 2015.

submissions

Submissions closed on 31 May 2015

Timeline