12 March 2004

Free Money Management Seminar in Parramatta

A broad range of financial industry experts will be giving advice on financial literacy at a free public seminar being held by local MP, Ross Cameron, in Parramatta next week.

Mr Cameron's local initiative follows the Federal Government's establishment of a National Consumer and Financial Literacy Taskforce with the job of developing a national plan to equip Australians with the skills to make important life long financial decisions.

"Following the implementation of the Government's new financial services regime, consumers will be provided with higher levels of information about financial products and services, including superannuation, to help them make informed financial decision," Mr Cameron said.

"It is also important for consumers to have some financial literacy, about understanding money, and how to manage it as well as making themselves aware of their responsibilities and opportunities," Mr Cameron said.

Mr Cameron is his role as Parliamentary Secretary to the Treasurer with responsibility for financial markets and consumer affairs recognises the importance of financial literacy to all Australians, from families and retirees to teenagers.

The key note address will be given by 'Aussie John' Symond, followed by contributions from:

  • Australian Securities and Investments Commission: How to avoid financial scams, pitfalls and expensive mistakes;
  • Australian Stock Exchange: An introduction to the stock market; and share portfolios;
  • Investment and Financial Services Association: Superannuation; risk/return principles; and lessons learnt over the last couple of years; and
  • Australian Consumer Association: Finding good financial advice and your rights as an investor; and access to financial complaints schemes.

The seminar is open to the public and will be on Wednesday 17 March from 7 – 9 pm at Parramatta Leagues Club auditorium, 13-15 O'Connell Street. Please phone Ross Cameron's office on (02) 9689 2833 to reserve a seat.