Council Charter

The ADF Financial Services Consumer Council (ADFFSCC) is an expert and impartial entity that has been designed for three purposes:

1. Independent Education

To offer, in consultation with appropriate Regulators independent, professional financial education (not personal advice) and relevant resource material to all ADF personnel. This will assist our people to make informed decisions and plans about their financial affairs, and empower them to improve their financial situation, throughout their careers with the ADF;

2. Advisory Body to the Chiefs

To act as an expert and independent advisory body to the Chiefs, Head Personnel Executive and Head Personnel Services Division on consumer matters related to products and services provided to our people by the financial services industry. The ADFFSCC will not initiate communication with any organisation, in which a Service Chief is a stakeholder, unless that communication is first approved by the relevant Service Chief or their representative. For the purposes of this Charter the term "financial services industry" is a generic term covering organizations that offer banking, insurance, lending, superannuation and investment products and services.

3. Relationship Managers

To develop, foster and maintain a professional and positive relationship with Regulators, particularly Australian Securities and Investment Commission and the Australian Competition and Consumer Commission, relevant industry associations and participants in the financial services industry.

A.G. HOUSTON AO AFC
Air Chief Marshal
Chief of the Defence Force
14 September 2006