ANZ established the MoneyBusiness financial literacy program for indigenous Australians in 2005 in remote communities. In conjunction with the Australian Government, the program was made available to Money Management Service Providers to use in the delivery of financial literacy education programs.
Matrix worked with community organisations to build their capacity in the delivery of financial literacy education programs. We taught Money Management Workers around Australia how to use the MoneyBusiness Kit as part of the FMRSU between 2009 and 2015, and have continued to provide this training supported by ANZ.
While there is no longer government funding to support training in the delivery of the MoneyBusiness Kit, the ANZ Bank continues to train new facilitators. As part of their ongoing commitment to the sector, ANZ needed to review its financial literacy programs, including the MoneyBusiness Kit.
We were excited to have the opportunity to continue supporting ANZ with the review of the use of the MoneyBusiness Kit. This is a vital service, which helps develop a stronger savings culture in remote communities. The continuing connection we enjoy with service providers and communities enabled us to gather the data required by ANZ for the review.
Financial exclusion is a significant problem among Indigenous communities, and we are proud to have been able to work with ANZ on helping to improve this through a truly collaborative, relevant and culturally appropriate service.