Western Australian schools are to receive a boost in computing equipment as a result of new school banking arrangements.
Education Minister Kay Hallahan today said the State Government had decided to put to public tender exclusive access to school and student banking services.
Funds raised from the scheme would be ploughed back into computers to improve management and efficiency in school administrations.
Mrs Hallahan said financial institutions would be invited to bid for a five-year contract to provide banking services to schools and take part in student banking.
"With the devolution of resources and decision-making to schools, the total annual turnover of funds in Western Australian schools is about $90 million," she said.
"The Government can expect to raise millions through the arrangement, which will be invested in equipment, training and support services to computerise school administrations."
Mrs Hallahan said similar schemes in New South Wales and Queensland attracted up to $30 million from the successful tenderer.
The initiative was part of the Premier's WA Advantage policy to increase private sector involvement in the provision of public infrastructure.