Consulting Work on Savings-- Australia

A Global Assets Project Initiative
From 2000, the Center for Social Development (CSD) has consulted with members of the Labor Party and private banks regarding matched saving strategies. In 2000, the Labor Party, particularly Member of Parliament Mark Latham, proposed several schemes for inclusive asset-based policy, including Lifelong Learning Accounts and Nest-Egg Accounts. In 2002, ANZ Bank and the Brotherhood of St. Laurence initiated a matched saving pilot project for Community Partnership Savings Accounts “based on an American model of individual development accounts” and citing CSD research data from ADD. In 2005, Global Assets Project co-director Michael Sherraden gave a series of invited speeches and seminars (United Nations Association, Victoria State Government, Sydney Institute) and consulted with ANZ and Victoria government officials on matched savings and asset building. The Victoria government is moving forward with a plan for a Children’s Savings Account.