What is financial abuse?
- Someone controlling access to your finances, such as cash, bank accounts and superannuation.
- Someone refusing to let you see bills and statements.
- Someone refusing to contribute to household bills or family expenses, while expecting you to.
- Someone preventing you from working or studying.
- Someone making purchases or investments in your name without your knowledge or consent.
- Someone redrawing money out of a home loan without your knowledge.
What does a healthy financial relationship look like?
- Financial decisions and responsibilities are shared.
- Both partners are transparent with each other and recognise the need for both people to have access to information.
- Both partners have an equal voice in any decisions involving money.
How to set yourself up again after experiencing financial abuse:
- Open a bank account in your name only.
- Find out about your credit history.
- Cut off any potential liabilities, for example, a lease under your name, a credit card where you're the additional credit card holder.
Who to contact if you suspect you or a loved one is experiencing financial abuse:
- 1800 RESPECT (1800 737 732) offers 24-hour support to people impacted by domestic and family violence.
- Lifeline (13 11 14) offers 24/7 phone support to all Australians experiencing a personal or family crisis, anxiety, suicidal thoughts, depression and abuse and trauma. The charity also offers an after hours texting service from 6pm until midnight (0477 13 11 14) and online chat.
- MoneySmart.gov.au has a comprehensive list of nationwide organisations that can offer support and advice about financial abuse on its website.