In its just-published 'National Financial Literacy Technique', ASIC lays out an in-depth plan of action encompassing school curriculum, complimentary details services, guidance programs, market collaborations and ongoing research study.

ASIC specifies monetary literacy as "a combination of monetary understanding, skills, mindsets and behaviours necessary to make sound financial decisions, based upon personal circumstances, to enhance financial health and wellbeing".


They come in forms of convincing emails, phone calls or even texts but that is how scams are done. It is important to know the different risks that you are exposed to so that you do not become victim to scammers.


‘Phishing’ is where fraudsters send you emails or texts, often appearing to be from your bank, asking you to reply with your security information or click on a link, where they can then access your details.