Banking
Establishing a bank account
The P&C must establish an account – (School Name) Parents and Citizens' Association — with an approved financial institution, such as a bank, building society or credit union.
Currently, P&Cs are entitled to use the Commonwealth Bank of Australia (CBA) and receive the same interest rate as schools do under Education Queensland’s banking contract with the CBA.
All P&C accounts held with banks, including subcommittee accounts, are exempt from account debit tax. You can claim this exemption by submitting the form DT2 Application for exemption from payment of debits tax new window 35k 
. (This form is also available from banks or the Office of State Revenue.) However, accounts with credit unions and building societies are not exempt from the bank account debit tax.
Wherever possible, use a cheque account facility for non-profit clubs and associations to minimise bank charges.
Following approval at a monthly meeting, the president should sign the bank form requesting establishment of any accounts opened in the name of the P&C or its subcommittees.
^ Top of page
Subcommittee bank accounts
Keep the number of accounts to a minimum. This can be achieved by using separate columns for each activity in the main P&C cashbook.
It is also recommended that the Outside School Hours Care (OSHC) subcommittee have a separate bank account. Due to the special requirements of childcare providers and the commonwealth funding procedures, the Department of Family and Community Services (FaCS) can provide a list of software providers. See also Outside school hours care.
^ Top of page
Electronic banking
Use electronic banking if you can use the financial institution's software that provides the necessary functionality and security. The controls necessary to use such software are generally not available to most P&Cs and the requirements of the software provider must be satisfied (for example, hardware and modem specifications).
^ Top of page
Other languages