We work with government, the banking, utilities, debt collection and with many other sectors and organisations that impact upon those who do it tougher.
The Financial and Consumer Rights Council Inc (FCRC) is the peak body for Financial Counsellors in Victoria. The FCRC actively supports Financial Counsellors by promoting the needs of those experiencing financial hardship.
Financial Counsellors in Victoria are highly skilled paralegal professionals who provide assistance, advocacy, and information to those who are experiencing financial difficulty or who have problems with debt.
Financial Counsellors offer their services free of charge to their clients and provide advocacy impartially.
The FCRC does not provide financial counselling or advice.
Financial counselling agencies that engage in credit activity as part of a financial counselling service are exempt from the requirement to hold a credit licence.
The exemption is subject to further conditions including that:
Membership of FCRC satisfies point five above, allowing an agency exemption from holding a credit licence.
We work with financial counsellors in a number of ways. As the peak body representing financial counsellors, we are not only advocates for the continued funding and expansion of the sector to meet community need, we are also the primary support and development body focused on professionalizing and resourcing the sector.
We do this is a number of ways, including:
The FCRC works with government (both state and federal), the banking, utilities, debt collection and other industries, and with many other sectors and organisations that impact upon those who do it tougher than most.
We meet regularly with industry and government to communicate issues of concern for financial counsellors and their clients.
Through our relationship with other state bodies and the national peak, Financial Counselling Australia we are often able to resolve issues and reach consensus on how hardship provisions and communication with the sector should occur.
FCRC commenced in 1978 as the Financial Counsellor’s Association of Victoria (Inc.) and later changed its name to the Consumer Advocacy and Financial Counselling Association of Victoria (CAFCA).
Following a review of the Constitution in 1996 CAFCA changed its name to the Financial and Consumer Rights Council Inc.
Since its inception the FCRC has grown to include nearly 250 financial counsellor and organization members, all of which are focused on different areas of consumer protection and financial counselling practice. The FCRC also convenes eight financial counselling networks, which concentrate on region specific casework across Victoria.
The systemic advocacy, policy and project work of the FCRC has contributed to an increase in the number of Financial Counsellors in Victoria. This has also resulted in the development of numerous publications to assist consumers and caseworkers to deal with financial hardship, and to advocate strongly for those who need it most.
Read the last FCRC Annual Report in our News and Media section
* We do this through our work supporting financial counsellors and through stakeholder relationships to create systemic change. We do not prodive direct advocacy for individuals.
The FCRC does not employ financial counsellors to provide financial counselling or advice. We are unable to answer financial questions.
To locate your local financial counsellor or to receive information and advice over the phone, please call 1800 007 007.