Banks, Super Funds Called Upon to End ‘Hidden Epidemic’

Banks, Super Funds Called Upon to End ‘Hidden Epidemic’
Two people use National Australia Bank (NAB) ATMs in Melbourne on May 2, 2019. William West/AFP via Getty Images
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Australians are suffering through a “hidden epidemic” of financial abuse, with calls for a co-ordinated effort between banks and super funds to combat the systemic issue.

A federal parliamentary inquiry into financial abuse within Australia’s financial services industry handed down a report with 61 recommendations after finding financial abuse was rife across the nation.

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Australian Associated Press is an Australian news agency.