Noosa News
Queensland bans Commonwealth Bank Dollarmites program in schools
Queensland has become the latest state to ban the Commonwealth Bank’s school banking program following a scathing review by the corporate regulator.
The state’s Education Minister Grace Grace said the decades-long Dollarmites program fails to provide financial literacy to students and won’t be renewed when the contract expires in July.
The call to end the 50-year initiative from the major bank follows the program being banned in Victoria in the wake of the review from the Australian Securities and Investments Commission (ASIC).
“The…
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