The announcement of the end of school banking programs in Queensland state schools this week will impact hundreds of P&Cs across Queensland who have assisted in its administration.

CEO of P&Cs Qld, Scott Wiseman said P&Cs had been grateful for the regular financial support of the banking program which has contributed to fundraising and many projects benefiting school communities.

“P&Cs Qld has had a long association with the Commonwealth Bank which has been an active supporter of school communities.

“They have demonstrated this support by acknowledging the outstanding work of P&Cs and their dedicated volunteers through such initiatives as the P&C of the Year awards.

“We feel some disappointment that this decision was not left up to individual schools to weigh up the ultimate benefit or disadvantages of the program for their own communities.

“We trust that the Education Department will work with the affected P&Cs to minimise the financial impact.

“However, P&Cs Qld acknowledges the findings of the ASIC report and concerns of many parents regarding the school banking program.

“P&Cs Qld recognises the era of cash banking has come to an end and that our students are living in a world of digital transactions and apps. Financial literacy continues to be an essential life skill and P&Cs Qld fully supports the teaching of these programs in schools.

“The Commonwealth Bank’s Dollarmites savings program has been a long-standing institution in Queensland state schools, and we acknowledge the part the program played in thousands of students beginning their savings journey.”

End of Media Statement

Media contact: Scott Wiseman, CEO P&Cs Qld

P: 0402 605 766 E: scottwiseman@pandcsqld.com.au