The ABA, National Seniors and COTA Australia are calling on the Federal, State and Territory Governments to do their part to help local bank staff detect and report elder financial abuse.
Exact elder financial abuse numbers are difficult to come by – but numbers will increase as the population ages. By 2055 Australia’s population is expected to grow to 40 million, 25% of whom will be over 65.
State and Territory Attorneys-General, and the Federal Attorney-General are being urged to introduce three key changes to help better recognise, report and stamp out elder financial abuse.
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