Briefing paper

Description

This paper provides information on the interactions of Aboriginal and Torres Strait Islander people with financial institutions, including banks, insurers and superannuation funds.

It is usually optional when providing information to financial institutions to indicate ethnicity, including identifying whether a person is of Aboriginal and/or Torres Strait Islander origin, or it may not be requested. As a result, there is very little publicly available information on the number of Aboriginal and Torres Strait Islander people who hold banking, insurance and superannuation products.

This paper presents general demographic statistics on Aboriginal and Torres Strait Islander people. The paper then goes on to discuss the extent to which Aboriginal and Torres Strait Islander people may face issues with, or obstacles to, accessing banking, insurance and superannuation products compared with the overall population.

This paper also discusses any legislative, regulatory or industry reforms since 2010 intended to address the issues with, or obstacles to, holding such financial products.

Publication Details
Identifiers: 
isbn: 
978-1-920838-48-5
Language: 
License Type: 
CC BY
Published year only: 
2018

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