Money Management Help For VET Students

Oct 23, 2017

Apprentices and trainees keen to improve their money management skills now have access to an online training resource developed by the Australian Securities & Investments Commission (ASIC) and launched on 31 March 2015 by the Federal Small Business Minister, the Hon Bruce Billson MP.

ASIC's new Be MoneySmart resource aims to help students in vocational education and training (VET) improve their financial literacy by better understanding personal taxation, superannuation, insurance, debt management and budgeting.

Minister Billson said, 'Time and time again, I hear of the need from both employers and employees for better financial literacy training. I am committed to making sure our country is the very best place to start and grow a business. It is vital that enterprising Australians who want to be out in the workforce can access the training they need to be their very best.'

ASIC Commissioner Greg Tanzer encouraged trainers and teachers working in TAFE Institutes, registered training organisations, group training organisations and schools to introduce ASIC's Be MoneySmart into their courses.

'Financial literacy is about empowering individuals so that they can confidently make financial decisions, manage financial risks and participate in our financial system', said Mr Tanzer.

To access ASIC's Be MoneySmart resource, visit moneysmart.gov.au/teaching.

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