Just What is a Financial Counsellor
AFSA recommends that people in financial stress seek assistance from financial counsellors and visit I can't pay my debts, Financial counselling contact details are set out on the prescribed information for debt agreements.
Financial Counsellors Melbourne, Victoria, Perth, West Australia, and Other States and Territories
Financial counsellors in Australia don’t need a license to offer financial counselling because they operate under a licensing exemption from the Australian Securities and Investments Commission (ASIC).
A financial counsellor must however have a Diploma in Financial Counselling. Click here to view the qualification details.
Qualified financial counsellors are proficient in developing money plans and restructuring debt and negotiating with creditors as well as understanding how to access grants or concessions which could assist with turning around credit.
The Australian Financial Security Authority website www.afsa.gov.au is a good start especially if seeking a debt administrator.
Other sources include: the National Consumer Credit Protection Act 2010, the Corporation Act and an Australian Financial Services Licence – ASIC Instrument 2017/792 and Action Law centre report April 2013.