New South Wales announces first social benefit bond

Westpac Group, Commonwealth Bank of Australia and the Benevolent Society have been selected by the New South Wales (NSW) government to trial an AU$10m social benefit bond - a financing vehicle that will fund a program to assist at-risk families.

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Read more: WestpacBenevolent Societysocial benefit bondCommonwealth Bank of AustraliaUnitingCare BurnsideMission AustraliaNew South Wales Family and Community ServicesOut of Home CareSandy Blackburn-WrightSocial Finance