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Council hit by $500K bank costs
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Council hit by $500K bank costs
Greater Dandenong Council could be slugged an estimated $500,000-plus a year for banking services, as part of a new contract with Commonwealth Bank (CBA). In a tender process, the bank offered the cheapest price – $531,379 a year – compared to NAB ($555,651) and Westpac ($533,100). The estimate far exceeds Greater Dandenong’s budgeted $342,000 a year, with the shortfall managed through “future financial planning”, a council report stated. The ac…
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