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.