Business
‘NO PLACE’: State bans Dollarmites from July – Yahoo Finance Australia
It follows a similar move from the Victorian government in 2020.
Dollarmites to be banned in ACT. Source: CBA
School banking programs, like the Commonwealth Banks Dollarmites, will be officially banned in the ACT from July, following a similar move in Victoria last year.
The motion was unanimously passed in the Legislative Assembly on Wednesday, following a review by the corporate watchdog in 2020 concluded school banking programs did not help students financial literacy.
The Australian Securities and Investments Commission report found school banking programs…
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