How a $10bn banking program came undone byronnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from byronnews.com.au Daily Mail and Mail on Sunday newspapers.
Queensland Education Minister Grace Grace said the state s students already receive extensive financial literacy education as she announced the cancellation of the Dollarmites Club today.
The school program has been operating for nearly 90 years and was first instituted when the bank was still government-owned and operated in 1931.
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Queensland Education Minister Grace Grace said the Dollarmites program was no longer needed.(Nine)
Ms Grace said the state s youth are growing up in a world where money can literally be at their fingertips and learn how to manage their money in school. It s a different digital world now to when school banking began more than 50 years ago, Ms Grace said.
dollar mite can art work
Politics by James Hall
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Subscriber only 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 ASIC report demonstrated that there was little value in the program and often the true intention of the program wasn t disclosed, Ms Grace said.
dollar mite can art work
Politics by James Hall
Premium Content
Subscriber only 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 ASIC report demonstrated that there was little value in the program and often the true intention of the program wasn t disclosed, Ms Grace said.
Little value : Dollarmites banned from QLD schools warwickdailynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from warwickdailynews.com.au Daily Mail and Mail on Sunday newspapers.