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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: Westpac,  Benevolent Society,  social benefit bond,  Commonwealth Bank of Australia,  UnitingCare Burnside,  Mission Australia,  New South Wales Family and Community Services,  Out of Home Care,  Sandy Blackburn-Wright,  Social Finance