The Western Australian government will develop a strategy to tackle the "growing scourge" of elder abuse.
Nearly $1.5 million for the new strategy, which is the first of its kind in the state, has already been allocated in the 2019-20 state budget.
Seniors and ageing minister Nick Murray said it will give the state a "clear way forward in tackling the growing scourge of elder abuse in our communities".
"Financial elder abuse is becoming increasingly common as older people come to rely more closely on family members and friends," he said.
Roundtable discussions will be held with financial institutions to help finalise the strategy, which is also open for public comment.
The announcement was made on Saturday in recognition of World Elder Abuse Awareness Day.
Potential victims of elder abuse will also have better access to legal advice in Western Australia.
Those who call the WA Elder Abuse Helpline, set up by senior rights advocates Advocare, can now be directed to public lawyers under a new agreement.
Legal Aid WA director of civil law Justin Stevenson said financial abuse is the most likely form of elder abuse.
"About 1 in 20 older Western Australians will suffer some form of elder abuse, with over 60 per cent of the abusers of older people being their sons or daughters," he said.
Nearly 11,000 calls were made to elder abuse hotlines across Australia in 2017-18.
