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Australians seeking to improve their skills with money have a new organisation to turn to.

The not-for-profit, named ecstra, will provide online information to help people sharpen their financial understanding and capabilities and will focus particularly on helping women control their financial lives.

Ecstra will also distribute grants to local groups for projects aimed at improving financial literacy.

The federal government is giving the body $10 million worth of funds to administer for women-focused projects.

Minister for Women Kelly O’Dwyer said financial capability is critical for the economic empowerment of women and those around them.

‘Even though we have come a long way, we still want Australian women to be able to do even better,’ she said on Sunday.

‘When women do well, their families do well, and our economy and nation prospers.

‘Ecstra will be to financial literacy and capability what beyondblue has been to mental health.’

Ms O’Dwyer’s comments come ahead of her delivering the nation’s first Women’s Economic Security Statement on Tuesday.

Ecstra’s website is due to be launched by the end of the year.