This document is a revised version of the National Consumer and Financial Literacy Framework (the Framework) originally developed in 2005. It articulates a rationale for consumer and financial education in Australian schools; describes essential consumer and financial capabilities that will support lifelong learning; and provides guidance on how consumer and financial education may be structured to support a progression of learning from Foundation-Year 10. Appended are: (1) Links to the Australian Curriculum's general capabilities; (2) Links to the Australian Curriculum's cross-curriculum; and (3) Acknowledgments. (Contains 20 footnotes.)