1. NILS Information Session Money Management Presented by: Funded by the Australia Government Department of FaHCSIA for the Financial Management Resource Unit Project, produced by Matrix on Board

2. Test Yourself »Complete the following handout activity so you can be sure you understand the training. »Your answers are private and for your own satisfaction. »C:\Users\User\Documents\PowerPointonlinetraining \Test yourself-Training-MicrosoftOfficeOnline.htm »Cut and paste the above web address into your browser and answer the questions.

3. Over the next two hours we will cover: »What is NILS? »What can you buy? »Who is eligible? »How to apply? »Paperwork / documentation required Overview

4. No Interest Service Loans WA NILS is a not for profit organisation created in response to the difficulties faced by low income households in obtaining affordable credit in order to purchase essential household items. WA NILS provides loans of up to $1,500 without interest or charges to low income earners to purchase basic household items. What is NILS?

5. Finding out information – visit the NILS website which has HEAPS of information www.wanils.asn.au Speak to Michelle Phone: 1300 365 301 E-mail: loans@wanils.asn.au WA NILS Contact

6. At present, WA NILS provides loans between $200 and $1,500 for the purchase of essential household items, predominantly but not exclusively white goods. Refer to handout for full list. Loans are for two items only. WA NILS cannot help with loans for: Bond Assistance, electricity, gas or water bills, rent arrears or debts and general expenses such as food and clothing, cars and car repairs What can you buy?

7. Loans are for low income earners only. If the applicant has a Health Care Card (HCC) or pension card and their income is within NILS guidelines, they are a low income earner. In addition to being a low income earner: »You need to have lived at your current address for three months or more. »You need to be able to repay the loan. Who is eligible?

8. »How much help to give clients? »What could you do to assist a client? »How do you encourage clients to be independent – seek their own information and documentation? »Stories to share about what level of help to provide. Questions to consider

9. »All applications are done through a registered NILS agent. Processing time = 4-6 weeks »Complete the following forms: »Loan application form »Loan agreement form »NILS Budget form »Centrepay authorisation form »Release of info form »Quotes form from 2 traders (valid 30 days) How to apply?

10. To work out debt to income ratio, please use the following formula: DEBT divided by INCOME Debt Accommodation $110.00 + Household $ 30.00 + Vehicle (Loan, Rego, Insurance) $ 12.00 + Current Debts TOTAL: $152.00 So, $152.00/$755.46 = 0.201% x 100 = 20.1% NB: Maximum percentage allowed is 64%. Income Paid Employment $250.00 + Centrelink Payment $492.70 + Maintenance $ 12.76 TOTAL: $755.46 Budget – Debt to Income Ratio?

11. Pair up and role play a case study – work through the application form and determine how much support to give this client. Where not provided make up information. 15 minutes Swap pairs and use another case study to prepare a budget and / or letter of support. 15 minutes Practice application form

12. Provided by applicant: Proof of Income Proof of identification Proof of accommodation Support documents verified by the NILS agent: Budget Bank Statement / transaction list (30 days) Letter of support Refer to examples. Support Documents - Checklist

13. »Think, Pair, Share »Think by yourself how it could be used. »Pair up and discuss in detail »Share with the rest of the group. 1.How can NILS be used as a money management tool? 2.What are other ways people can afford whitegoods? 3.What other loans have you heard of? Final Questions

14. Thank you