General
Victorian Government bans financial institutions running school banking programs like Dollarmites
The Victorian Government says it will ban “low-quality” school banking programs run by financial institutions from next year, spelling an end to the controversial Dollarmites program in state schools.
Key points:
- The Government says the activities run by banks and other institutions are “low quality” and aimed at getting new customers
- Programs like the Commonwealth Bank’s Dollarmites scheme will be replaced with curriculum-linked classes
- It comes as ASIC is conducting a review into school banking programs
The bank-run schemes will be replaced with school-run programs about financial skills in line with the Victorian curriculum.
Nearly two thirds of the nation’s schools participated in school banking programs in 2019.
The most well known is…
-
General9 hours agoCoroner to examine treatment of woman who died three days after surgery performed by former Queensland premier’s partner
-
General12 hours agoAlbanese beats drum on economy as trade clouds gather
-
Business9 hours agoWhy Antipa, Cettire, Magnetic Resources, and Steadfast shares are pushing higher
-
Noosa News11 hours agoSurgeon partner of former premier to testify over his patient’s death