Page 10 - School Banking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Date Time CBA responds to ASIC review of school banking programs Commonwealth Bank has actively participated in the Australian Securities and Investments Commission (ASIC) review of school banking programs over the past two years, to ensure our program continues to support the financial wellbeing of young Australians. While we acknowledge some of the findings, we do not believe they are entirely consistent with international research or our own, and we do not agree with the overall assessment of school banking programs. As noted in ASIC’s report released today, school banking programs are v...