Today is the International Day for the Elimination of Violence against Women and the first day of the UNiTE 16 Days of Activism against Gender-Based Violence campaign, which runs until 10 December.
To mark the start of this campaign, CommBank hosted a panel discussion about CommBank Next Chapter and financial abuse, bringing together experts including Rebecca Glenn from Centre for Women’s Economic Safety, Dr Emma Fulu from the Equality Institute, Catherine Knox from Hornsby Ku-ring-gai Women’s Shelter, and facilitated by CommBank’s Head of Inclusion and Diversity, Ryan Burke.
Financial abuse is a form of domestic and family violence, however it can often be difficult to recognise. It occurs when someone uses money or resources to control their partner or family member. Research from YouGov indicates that almost 40 per cent of the adult population has either experienced financial abuse (26 per cent) or knows someone who has (12 per cent).
“Respect is key to gender equality and also addressing domestic and family violence. We have had a long-term commitment to addressing domestic violence and financial abuse through CommBank Next Chapter,” said Mr Burke as he opened the panel discussion.
Ms Glenn explained that financial abuse is a common form of domestic and family violence which happens when one person exerts control over the other by restricting, sabotaging or exploiting their economic resources. She noted financial institutions play a vital role in responding to this issue, with banks often providing services directly to people impacted by financial abuse.
During the discussion, Ms Knox highlighted insidious nature of financial abuse, with people often not realising it is happening to them.
Dr Fulu added all forms of violence against women are underpinned by gender inequality. She went on to explain that we all have a role to play to create a more equitable society, where we can all benefit.
Watch the full panel discussion below, and find out more about CommBank Next Chapter.
The content in this video may be confronting but support is available. In an emergency or if you’re not feeling safe, always call 000. If you or someone you know is experiencing domestic or family violence, for confidential information, counselling and support, call 1800RESPECT on 1800 737 732. This is a free and confidential service that isn’t part of Commonwealth Bank. If you need an interpreter or translator, you can ask for one and the counsellor will make the arrangements.