Government announces new financial literacy board appointees

Executive director of ipac Securities Paul Clitheroe has been reappointed as part-time chair of the board for the next two years, with Air Commodore Robert Brown taking up the role of chairman for the Australian Defence Force Financial Services Consumer Council.

Women’s leadership advocate Elaine Henry and executive director of Financial Counselling Australia Fiona Guthrie will have their roles as part-time members extended for the next two years.

The Financial Literacy Board is a statutory body designed to offer independent strategic guidance on financial literacy issues to the government and the Australian Securities and Investments Commission (ASIC).

The incumbent chair of the board, Paul Clitheroe, is a television personality and director of ipac Securities.

Further, following his commencement as ASIC chairman on 1 February, Mr James Shipton will become an ex officio member of the board.