Premier Daniel Andrews has announced that school banking programs will be banned in Victoria. 

Read the Premier's announcement.

Details and background are covered in this article on the ABC website

There's also a commentary on the decision from the Herald-Sun's 'barefoot investor' Scott Pape, but it is only available to Herald-Sun subscribers. Scott describes the decision to ban school banking as a "massive step forward" and goes on to say, "For far too long schools have outsourced the teaching of essential financial life skills to banks who have used it as an advertising play. But that stops now and the real education begins."