Government, ASIC releases program for students
Nick Sherry, the Minister for Superannuation and Corporate Law, and the Australian Securities and Investments Commission (ASIC), have announced a high school financial literacy program to teach young Australians about insurance and superannuation.
The program, called ‘Your Money Starter — Insurance and Super’, contains interactive online games about buying a car and choosing insurance, a short animated movie about superannuation, and investigations and fact sheets. It is being handed out to every high school in Australia.
“We believe financially literate young Australians are more likely to become informed adult consumers and investors. Many young Australians thinking about buying a car or going on a holiday need to consider the insurance cover they may require. And many already belong to superannuation funds through part-time jobs, or soon will when they enter the workforce,” Sherry said.
ASIC chairman Tony D’Aloisio said ASIC was committed to improving financial literacy for all Australians.
“Using innovative models to deliver information is essential to encourage engagement with young Australians. ‘Your Money Starter’ includes a variety of innovative classroom materials, activities and multimedia elements designed to make learning about financial services relevant and attractive to teenagers,” he said.
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