0:00 Hi everyone, my name's Daniel from Financial Literacy Australia and today we're going to be going through a topic called Financial Abuse to understand what financial abuse is.

0:11 So we've got this slideshow here. So, understanding financial abuse ranges in a lot of different areas. It could come from many other aspects, from family, friends, caregivers, and even people that you don't expect would do it.

0:30 So, first of all, let's define it. So, it's a form of mistreatment where someone can manipulate or force you to doto make financial decisions without your consent or evenpressuring you into doing it.

0:44 So, as I said before, anyone could perpetrate it. It could So this can arise from outright theft, it could be from misuse of funds, it could be online transactions, someone using your debit card by themselves, not without your permission, someone might use your funds for their personal expenses

1:12 without your knowledge, or even pressuring you into making it, could make you feel guilty if you don't do what they say, especially things that aren't in your best interest.

1:23 So how do you recognise financial abuse? So there are sure telltale signs that it could be unexpected withdrawals from your bank account, sudden changes within your financial situation, or even feeling like you don't have control over your finances.

1:40 Another thing that shows is isolation from your family and friends, so if someone's forcing you to do something you're not comfortable with, or even someone you know telling you not to talk to someone, that could be a sign as well, maybe not from the surface but underneath it does ring some alarm bells

1:59 . So, as an NDIS participant, you might be vulnerable to financial abuse, and it can come with several consequences. So, that could be your livelihood; it could be that you might not have enough food or money for food.

2:15 You might not be able to pay rent, and sometimes it takes quite a long time for people to realise that you're actually being financially abused, and yeah, it's very crucial to see.

2:28 Stay vigilant and just aware of what it is. Prevention is always better than a cure. So, to safeguard yourself against financial abuse, consider setting up some financial safeguards.

2:41 Regularly review your financial statements and bank accounts, maintain open communications with trusted individuals, and be aware of people's intentions around you.

2:55 thing is seeking help. So, if you suspect you're already a victim of financial abuse, there are plenty of avenues that you can help.

3:03 So you can contact an NDIS professional, whether a support coordinator or plan manager, you can contact financial counsellors. So the financial counselling hotline is 1-800-007-007.

3:14 can seek out legal services or even support organisations that are available as well. So, to summarise, financial abuse is a serious issue and can have significant consequences on your life.

3:30 So understanding the signs, knowing when to seek help, knowing how and when to seek help can safeguard your financial well-being. And always remember, it's your money and your life, and you have the right to control both.

3:47 So be aware and vigilant, and don't hesitate to seek help. Thanks, everyone.