Tier 2 RG146 Deposit Products and Non-Cash Payments

Our Tier 2 RG146 Deposit Products and Non-Cash Payments course discusses the purpose and features of transaction accounts, term deposits, and cash management accounts. It also uses worked examples to demonstrate common approaches to calculating interest.

Additionally, we explore what services are classified as non-cash payment facilities, and the typical banking and finance solutions they provide to consumers. Finally, we outline the regulatory roles played by ASIC, APRA and the Reserve Bank of Australia (RBA).

Whatever your place in Australia’s banking and payments system, we have your essential learning needs covered.

 

Program Content

  • Financial Services Regulation and Licencing
  • Overview of Deposit Products and Non-Cash Payment Products
  • Application of Cross Industry Laws

Learning Outcomes

What you will learn

  • What the common functions of money are
  • The concept of interest and how simple interest differs from compound interest
  • How non-cash payment facilities are defined in financial services law
  • Characteristics of non-cash payment facilities
  • How banking and non-cash payment facilities are regulated by APRA and ASIC
  • How the RBA oversees operation of Australia’s payment systems.

Who is this course for?

  • banks
  • frontline branch and call centre staff
  • fintechs
  • payments and funds transfer facility providers
  • financial advisers who advise on deposit products.

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

On successful completion of the course, you will be awarded a Certificate of Attainment confirming that you are RG 146 compliant to provide general advice in Deposit Products and Non-Cash Payment Products.

Contact us for a corporate solution covering personal advice.

Explore Deposit Products and Non-Cash Payments

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Frequently Asked Questions

Under their Australian financial services licensing obligations, some firms are required to meet additional standards if any representatives give advice to retail clients (RG146). To assist AFS Licensees, we follow the syllabus prescribed by the Australian Securities and Investments Commission (ASIC) for each Tier 1 and Tier 2 specialist knowledge area. We are a Registered Training Organisation and an ASIC Authorised Assessor, so you can be assured that each RG146 course covers all the elements ASIC has specified advisers should learn. (RG 146.87).

Our RG146 Programs are self-paced with online learning resources & on-going support.
  • You have up to 12 weeks to complete the learning and assessment requirements for your Tier 1 RG146 Course.
  • You have up to 8 weeks to complete the learning and assessment requirements for your Tier 2 RG146 Course.
  • Experienced professionals can complete in less time.
  • An additional 4 weeks per course is available upon request. (We do not charge a fee for extension requests.)

The study time all depends on your current knowledge and experience, however we estimate
  • 20 hours to complete a Tier 1 RG146 course or
  • 8 hours to complete a Tier 2 RG146 course.

Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.

You can enrol your team, either
  • Online. Find the right course and make an online purchase or
  • Contact Us. The FEP Team can easily arrange your team's training.
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Our Credit and Mortgage Broking CPD (RG206) is an essential annual update for credit licencees. It covers everything you need to know in one convenient online course.  Each program earning 20 CPD points.

Our programs are packed full of essential regulatory updates and practical tips for achieving the best outcomes for your clients, efficiently and compliantly.

What others say about us

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM