[by Lucy Cowcher-Guthrie]
Senator Rachel Seiwert (pictured) said "The Government must act quickly to remove the exclusion of funeral expenses policies from the definition of ‘financial product’". Image: mogaz news
Industry that has preyed on vulnerable people must pay up
Aboriginal health workers leaving the NT industry
[Emilia Terzon, ABC]
The Northern Territory is the only place in the nation with falling numbers of health sector workers trained to bridge cultural gaps between First Nations and non-Indigenous people.
Nigel Scullion launches investigation into NLC allegations
[Jane Bardon, ABC]
At the weekend, the NLC's executive changed the organisation's chief executive for the third time in four months, appointing former Territory Labor minister Jack Ah Kit as the interim CEO.
QAGOMA pays tribute to senior Indigenous artist
[supplied by QAGOMA]
QAGOMA Director Chris Saines said Mrs Ngallametta (b.1944) had made a profound contribution to arts and culture nationally and particularly in Queensland, her home state.
The financial services industry has a record of preying on vulnerable people and the deliberate targeting of people in remote First Nations communities is particulararly egregious.
"During the Royal Commission we heard sickening evidence of companies targeting regional and remote areas for funeral insurance often signing people up who had little understanding of what the policies meant, language barriers and the use of Aboriginal “branding” to trick people into thinking they were signing up with an Aboriginal organisation, Senator Rachel Siewert said.
“This is just one example of the financial targeting of Aboriginal communities.
“The Government must act quickly to remove the exclusion of funeral expenses policies from the definition of ‘financial product’; so that they are properly regulated and put beyond doubt that the consumer protection provisions of the ASIC Act apply to funeral expenses policies, as well as banning the hawking of all insurance products.
“The Government must also act to address the barriers many First Nations peoples face in using banking and financial services and work with First Nations peoples to use the AUSTRAC identification process.
“The Greens will keep asking, following the Royal Commission, the hearings and now the final report - will long suffering victims of financial misconduct now be appropriately compensated?"