Annual Review 2023-24
Contents
- About this Annual Review
- Year at a glance
- Board Chair message
- Chief Executive Officer and Chief Ombudsman message
- Organisational overview
- Complaints
- Who complained to AFCA in 2023–24?
- AFCA Engagement with First Nations peoples
- Overview of complaints
- Open cases
- Closed cases
- Banking and finance complaints
- Buy now pay later
- Scam complaints
- Financial difficulty complaints
- Small business complaints
- General insurance complaints
- Significant events
- Life insurance complaints
- Superannuation complaints
- Investments and advice complaints
- Cryptocurrency
- Complaints lodged by consumer advocates and financial counsellors
- Complaints outside AFCA’s Rules
- Systemic issues
- AFCA’s Code compliance and monitoring function
- Engagement, awareness and accessibility
- Corporate information
- AFCA General Purpose Financial Report
- Glossary
In the past year, we have made significant strides in our commitment to fostering a diverse, inclusive, and dynamic workplace. As we continue to grow and evolve, our focus remains on enhancing our organisational culture, supporting our staff, and ensuring that our cultural qualities and values are embedded in every aspect of our operations.
Diversity and inclusion
At AFCA, diversity and inclusion are not just goals, but integral to our organisational ethos. We prioritise creating a workplace that respects and values the diverse backgrounds, experiences, and perspectives of our employees.
We have implemented a range of initiatives designed to promote inclusivity, including tailored training programs, support networks, and ERGs. Our commitment to inclusivity is reflected in our recruitment practices, which aim to attract a diverse talent pool and ensure equal opportunities for all.
Employee wellbeing
Recognising the importance of employee wellbeing, AFCA has introduced a range of measures to support the health and welfare of our staff. We have expanded our wellbeing programs to include enhanced mental health resources, flexible working arrangements, and additional wellness initiatives. Our aim is to foster a supportive environment where employees feel valued and empowered, enabling them to maintain a healthy work-life balance.
As part of our commitment to supporting employees, this year we increased paid parental leave from 18 to 20 weeks. We will also pay superannuation on parental leave for up to 12 months.
Additionally, we have increased our advanced pregnancy loss leave from 18 to 20 weeks. In the unfortunate event that an employee, or their partner, experiences the loss of a child after
20 weeks of pregnancy, they will be eligible for up to 20 weeks of paid leave, including superannuation.
We also provide additional leave for Sorry Business, women’s health, family and domestic violence, and gender affirmation.
At AFCA, our people are at the heart of everything we do, and we continuously strive to enhance our policies to ensure that our staff are supported and valued in their work environment.
Professional development
Investing in the professional development of our employees remains a key priority. This year, we have facilitated new learning and development opportunities to help our staff build skills and capability, advance their careers, and stay abreast of industry trends.
From leadership development programs to specialised core capability training such as investigation skills and dealing with difficult interactions, our learning and development programs are designed to equip our people with the tools and knowledge they need to excel in their roles and provide an excellent service to the community we serve.
Employee engagement
The engagement and satisfaction of our employees is crucial to our success. This year, we conducted comprehensive staff surveys to gather insights into the employee experience and identify areas for improvement. The feedback we received has been instrumental in shaping our people and culture strategies, ensuring that we address concerns and build on our strengths.
Pleasingly, overall engagement was scored at 87%, the highest engagement rate we have ever had. 93.5% of staff said they feel proud to work at AFCA and 90.5% said that they believe that AFCA is a truly great place to work.
AFCA’s Gender Pay Gap
AFCA is committed to supporting gender equality in the workplace and providing equal opportunities and outcomes for both men and women at work.
We want our people to have access to, and enjoy, the same rewards, resources and opportunities, regardless of their gender.
The Workplace Gender Equality Agency recommends that any gender pay gaps be either -5% (favouring women) or +5% (favouring men). AFCA publishes our Gender Pay Gap Employer statement with our results on our website each year.
AFCA’s median total remuneration Gender Pay Gap (GPG) in 2023–24 was 2.9%. Our median base salary gender pay gap was 2.1%.
We are pleased to see this downward trend when compared to the previous financial year.
All Employees |
AFCA 2022-23 |
AFCA 2023-24 |
---|---|---|
Median total remuneration |
3.5% |
2.9% |
Media base salary |
2.8% |
2.1% |
While we are within the recommended pay gap and proud of our consistently positive results, AFCA remains committed to closing the gap further.
Ultimately, our goal is to eliminate gender pay gaps at AFCA and achieve gender equity in all aspects of our organisation.
Key statistics
As at 30 June 2024
Age of employees
Gender of employees
Our leaders
AFCA is led by a Chief Ombudsman and independent CEO and supported by a strong Senior Leadership Group.
AFCA Senior Leadership Group as at 30 June 2024
- David Locke, Chief Ombudsman and CEO
- Justin Untersteiner, Chief Operating Officer
- June Smith, Deputy Chief Ombudsman
- Anna Campbell, General Counsel and Company Secretary
- Silvia Renda, Chief Adviser and Head of Government Relations
- Prue Monument, General Manager – Code Compliance and Monitoring
Executive General Managers
- Nicola Chanen, Acting Executive General Manager – Communications, Engagement and Brand
- Susie Cotterill, Executive General Manager – Communications, Engagement and Brand (currently on leave)
- Sarah Edmondson, Executive General Manager – Regulatory, Policy and Research (currently on leave)
- Erlene Graanoogst, Executive General Manager – Operational Excellence (started 22 July 2024)
- Geraldine Hill, Executive General Manager – Operational Delivery
- Michelle Kumarich, Executive General Manager – Jurisdiction
- Clare McCarthy, Acting Executive General Manager – Regulatory, Policy and Research
- Mathew Paine, Executive General Manager – People and Culture
- Brigid Parsonson, Executive General Manager – Corporate Services
- Michael Ridgway, Executive General Manager – Compliance, Risk, and Governance
- Catherine Tudor, Acting Executive General Manager – Operational Excellence (concluded role on 21 July 2024)
Lead Ombudsman
- Natalie Cameron, Lead Ombudsman – Banking and Finance
- Emma Curtis, Lead Ombudsman – Insurance
- Heather Gray, Lead Ombudsman – Superannuation
- Suanne Russell, Lead Ombudsman – Small Business and Transactions
- Shail Singh, Lead Ombudsman – Investments and Advice
Departures from the Senior Leadership Group
- Robert Guest, Executive General Manager – Operational Excellence (concluded role in January 2024)
Decision makers as at 30 June 2024
Banking and Finance
Lead Ombudsman
- Natalie Cameron
Senior Ombudsman
- April Blair
- Jesse Marshall
Ombudsmen
- Andrea Barker
- Ian Clyde
- Nicolas Crowhurst
- Carolyn Dea
- Hannah Dodd
- Timothy Gough
- Louise McAuliffe
- Alan Price
- Christopher Siemers
Adjudicators
- Elizabeth Johnson
- Andrew Johnstone
Small Business
Lead Ombudsman
- Suanne Russell
Senior Ombudsman
- Neva Skilton
Ombudsmen
- Catherine Armour
- Geoffrey Bant
- David Brett
- Anthony Dyrenfurth
- Damyon Lill
- Sharan Safe
- Larissa Shafir
- Tami Sokol
- James Taylor
- Diana Tchorbanov
- Susan Wan
Adjudicator
- Mae Andriotis
- Maxwell Pringle
- Stephanie Rossi
Insurance
Lead Ombudsman
- Emma Curtis
Senior Ombudsmen
- Vicki Carter
- Chris Liamos
- Matthew O’Donoghue
Ombudsmen
- Michael Brett Young
- Brydie Cook
- David Giacomantonio
- Qasim Gilani
- Emma Heagney
- Gregory Kirk
- Jennifer Lewis
- Fiona Maguire
- Mark McCourt
- Jeevanie Mendis
- Helen Moye
- Anna Nightingale
- Donald O’Halloran
- Toniel Paton
- John Price
- Michael Schulze
- David Short
- Andrew Weinmann
- Nigel Wilson
Adjudicators
- Moreen Attia
- Jerome Hew
- Daniel King
- Stephanie Kouvas
- Angelia Talagala
- Kate Toppi
- Kurt Van Diemen
- Lauren Wasley
Superannuation
Lead Ombudsman
- Heather Gray
Senior Ombudsman
- Anne Maree Howley
Ombudsmen
- Jane Abbott
- Benjamin Norman
- Ragini Rajadurai
- Mervyn Silverstein
- Ben Taylor
Adjudicator
- Stephanie Mussared
Investments and advice
Lead Ombudsman
- Shail Singh
Senior Ombudsmen
- Ian Donald
- Alexandra Sidoti
Ombudsmen
- Michael Arnold
- Nicholas Battaerd
- Rebecca Devon
- Danae Harper
- Patrick Hartney
- Zoe Higgins
- Hannah Hodges
- Kate Kornacki
- Senthur Kugathasan
- Lauren Roy
- Stuart Russell
Decision maker departures
- Terri Gladwell
Adjudicator, Banking and Finance - Bill Leonida
Ombudsman, Banking and Finance - Louise Du Pre-Alba
Ombudsman, Superannuation - Graeme Plath
Ombudsman, Investments and Advice - Douglas Clark
Ombudsman, Investments and Advice