Mar 22, 2018 Last Updated 10:48 AM, Mar 21, 2018

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Commonwealth Bank invests $50m in education

AusBN – The Commonwealth Bank has announced that it will invest A$50 million over the next three year on improving education in Australia.

The bank has partnered with Social Ventures Australia to create an online tool for teachers to share their successful programmes with other schools.

Teachers can use the Learning Toolkit to assess 34 educational approaches including the importance of technology and benefits of homework.

Commonwealth Bank Australia CEO, Ian Narev, said: “To take the advantages that we have in Australia, we are going to need to invest in the skills of the future, to make sure our economy adapts successfully to the future.

“This Toolkit enables proven educational techniques to be shared right across schools, right across the country.

“This is where we’ve decided our contribution is going to be in education over the next three years and beyond. Because better schools make a better country.”

Social Ventures Australia CEO Rob Koczkar added that the toolkit initiative: “will empower school leaders by providing up to date, relevant information about approaches that impact student learning.

“We believe it will have a game changing influence on education in Australia, giving teachers more resources to provide every child the very best opportunity to reach their full potential.” 


AIE to refurbish Canberra Technology Park

AusBN – The Academy of Interactive Entertainment has requested to purchase Canberra Technology Park from the ACT government.

The company is looking to invest over A$111 million into the site over the next 20 years to refurbish and modernise it.

It hopes to turn the site into an innovative hub of learning and job creation.

Academy CEO John De Margheriti said: "We are seeking to acquire the site and should our proposal be accepted the AIE will inject a capital investment of $42 million dollars with an additional $69 million dollars derived from AIE's operating revenues over the following 20 years.

"In total we will be contributing $111 million over the next 20 years to support AIE's vision of making Canberra a modern, more dynamic and innovative city.

"We want to support, as a non-profit, the local independent game and film industries, to increase our student enrolments, to continue to be a leading centre of educational excellence and to help create jobs for our younger Canberrans."

The funds will be used to construct new affordable student accommodation, build a film soundstage and modernise existing buildings.

Watson community facilities will also be constructed at the site including an all access, park, dog park, tennis court and outdoor gym.


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