09 Nov 2018
CURRENT SCHOOL BANKING PROGRAM IS NOT CONTINUING:
P&C has decided to suspend school banking from next week. Last day for banking will be Friday 8 November.
Following a review of school banking programs in Australian primary schools by the Australian Securities and Investments Commission (ASIC) in October, this week we received written notification of changes in regulations from Commonwealth Bank.
These changes put onerous obligations on volunteers and as a result, . Our school banking coordinator and volunteers have done an amazing job for the four years the program has been operating at Mittagong Public and should be commended for giving up their time each week to administer school banking.
Other banking options to encourage financial literacy and saving are being investigated. For further information, you can contact school banking coordinator Amanda Hayes on 0407 713 437.
We apologise for any disappointment this may cause and thank you for your understanding.