CBA's Dollarmites Club targets 'vulnerable young children': ASIC
The Australian Financial Review at the time of writing. Other states and territories responded that responsibility for school banking programs rested with "school principals and P&C associations" but they would "note" the regulator's findings, ASIC said. "[We do] not manage any commercial arrangements with financial institutions relating to banking services for students," a spokeswoman for the West Australian Department of Education told the Financial Review. The NSW, South Australian and Tasmanian education authorities were approached for comment. [The programs] fail to effectively disclose...
Source: afr.com