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Conditions of entry

Financial Literacy Grant

All schools applying for a Commonwealth Bank Foundation Financial Literacy Grant are required to read and agree to the Conditions of Entry before submitting their application. Information on how to make a submission forms part of these Conditions of Entry.


Eligibility to Enter
  • Entry is open to any Government, Catholic or Independent school teaching students in Years 7 to 12 in Australia as recognised by their state or territory education system.
  • A maximum of one application per school may be submitted.

Opening and Closing Dates
  • Applications open 21 July and close 17 September 2008 (3.00 pm EST).
  • Schools may submit their application any time up until 3.00 pm EST on 17 September 2008.
  • No responsibility is accepted by the Commonwealth Bank/Commonwealth Bank Foundation for applications that are late or not received, or entries with incorrect details.

Submitting an Application
  • Applications must not infringe copyright of any person.
  • Applications must address the requirements as set out on this website.
  • All sections of the application form must be completed before being submitted.
  • Applications that exceed the word limits to responses as specified will not be considered.
  • Images, graphics, files or supporting evidence are not permitted as part of your application.
  • Applications must be submitted via the application e-form.
  • Please call us on (02) 8572 5611 from 9am to 5pm, Monday to Friday if you have trouble accessing the e-form.


Judging of Applications
  • Applications will not be returned to schools.
  • Decisions by the judges are final and no correspondence will be entered into.
  • The Commonwealth Bank, its agents and contractors and/or state/territory judging panels are unable to give individual feedback to schools about their application.


Expenditure of Grant Funds
  • Schools must use the $3,500 grant to implement their financial literacy program, as per their application and within their school.
  • The Commonwealth Bank Foundation/Commonwealth Bank may request proof of expenditure of the grant from any of the schools awarded a grant.
  • Schools may supplement the $3,500 for their financial literacy initiative with additional funds. However, in submitting their application for their grant they must base the application on a $3,500 budget.
  • Schools must spend the grant allocation money within 12 months of receiving the grant or they may be required to return the unspent funds.


Non-Completion of Grant Program

Where a grant is made and a school is either:

  • unable to complete the program within 12 months of the date of the grant;
  • unable to complete the program on substantially the same terms as outlined in the grant application; or
  • unable to proceed with the grant program due to a change in circumstances;

The school is required to contact the Commonwealth Bank Foundation to request a variation to the terms of the grant.

The preference of the Commonwealth Bank Foundation will be for grant programs to proceed under revised terms and the grant will only be revoked if revised terms cannot be agreed to the satisfaction of both parties, taking into account the Financial Literacy Grant guidelines.


Announcement of Schools Awarded a Grant
  • Schools awarded a grant will be notified be telephone and e-mail in November 2008, prior to announcement date.
  • Schools awarded a grant will be presented with a certificate by a nominated Commonwealth Bank representative at a nominated school assembly before the end of the 2008 school year. Your school must organise a school assembly presentation during the period 24 November to 19 December 2008.


Promotion of Successful Schools and Grant Programs
  • The Commonwealth Bank Foundation/Commonwealth Bank may promote information about successful grant programs and schools awarded a grant via various promotional, media, communication and marketing mediums.


Use of information from grant awarded programs for other Commonwealth Bank Foundation/Commonwealth Bank initiatives

You acknowledge and agree that in the event that the application is successful and awarded a grant:

  • Commonwealth Bank Foundation and Commonwealth Bank may use all information contained in the application for conducting further research, evaluation and development of resources in relation to financial literacy.
  • Your school may be called upon to share your program’s outcomes once implemented through cluster meetings and/or conference presentations or seminars.
  • All intellectual property rights in all work product that may be developed from such research evaluation and development will be owned by Commonwealth Bank Foundation and Commonwealth Bank.


Privacy Statement

The Commonwealth Bank Foundation and Commonwealth Bank collects personal information including name and contact details for the purpose of administering the Commonwealth Bank Foundation Financial Literacy Grants. The Bank may disclose personal information to agents, contractors or service providers of the Bank; Business Educators Australasia; or the Department of Education and Catholic and Independent schools office/association in each state and territory.

Your e-mail address will be added to a mailing list to update you about information about the Commonwealth Bank Foundation Financial Literacy Grants Program, Commonwealth Bank Foundation and other Commonwealth Bank financial literacy initiatives. If you do not wish to be added to this list please advise the Commonwealth Bank Foundation on your application or email

None of the personal or school information provided to the Commonwealth Bank Foundation and Commonwealth Bank through participation in this Financial Literacy Grants Program will be provided to parties other than those mentioned above without your consent, except where authorised or required by law.


Schools Progress Feedback Sheet
  • For the Commonwealth Bank Foundation to evaluate the ongoing success of the Financial Literacy Grants, schools awarded a grant will be sent a one-page progress feedback sheet to assess the strengths and weaknesses of their financial literacy progress and how it has enhanced financial literacy in their school.
  • The feedback sheet will ask for an evaluation of the program and details of expenditure to date on the initiative.
  • In accepting the Financial Literacy Grant, the school agrees to complete a one-page progress feedback sheet including details of expenditure on their financial literacy program. The progress feedback sheet is due back to the Commonwealth Bank Foundation by 1 September 2008.