Leadership Training Checklist

This Checklist summarises the key points from your Leadership Training Financial Education session. The session is presented at certain ADF leadership and other specialist training courses in order to better prepare ADF leaders in relation the ways in which they can assist their people with personal and family finances, without the risk of breaking the financial services licensing laws.

Your role
	You can play an important role in increasing the rates of financial literacy within your group. The ADF is best served by people who are financially sound, and financial peace of mind allows everyone in the ADF to get on with their jobs and have a happy family life.
Illegal financial advice
	When dealing with problems brought to your attention, make sure you don’t give personal financial advice. If you make a recommendation or give an opinion about a person’s particular financial circumstances, it’s likely that will constitute financial advice, which is illegal without a licence. It may also accrue significant liability to you and the ADF.
Debt problems
	Encourage your people to not ignore debt problems. If not attended to promptly, their ADF security clearances and credit ratings could be affected. See: www.mycreditfile.com.au
Financial guidance
	If you are responsible for someone who needs personal assistance, you should consider referring them to the Financial Information Service or suggesting they find a licensed financial adviser or planner, or if they are in serious difficulty, referring them to a Financial Counsellor.
Financial discipline
	Encourage your people to exercise discipline with their finances by using the ADF Online Budget Planner.
Legal documents
	Reinforce the messages about keeping wills and powers of attorney up to date and valid.
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Leadership Training Checklist

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