Submission – AFCA’s Approaches to Family Violence and Financial Abuse of Older People

Trustees have a legal and ethical obligation to act in the best financial interests of members. Both the AFCA Approach to Family Violence and the Approach to Financial Abuse of Older People (referred to collectively as the Approaches) give clear guidance to trustees to help them meet these duties by proactively managing risks associated with family violence and financial abuse. By embedding the practices outlined in the Approaches, super funds will help drive broader industry improvements in how family violence and financial abuse are addressed, benefiting the entire sector and community. SMC acknowledges the importance and relevance of sector-specific examples in the Approaches.