Flequity Ventures has made a supplementary submission to the Joint Parliamentary Committee on Corporations inquiry into the financial services regulatory framework in relation to financial abuse.
The submission provides recommendations to empower single-parent victim-survivors of domestic and financial abuse to retain their housing during financial hardship:
- Make it easier and simpler for victim-survivors to access changes to their credit contract on the grounds of hardship
- Change the regulatory treatment of residential mortgages on a single parent’s primary place of residence where their ability to repay has been affected by domestic and family violence.
These build on issues canvassed in the Designed to Disrupt discussion paper on banking.
You can read the submission here.