Tier 2 RG146 Deposit Products and Non-Cash Payments

Our Tier 2 RG146 Deposit Products and Non-Cash Payments course examines the common functions of money and how regulation of Australia’s banks and payment system is shared between ASIC, APRA and the Reserve Bank of Australia (RBA).

We outline common characteristics of deposit products and look at the difference between deposits and comparable investment products such as cash management trusts.

We outline common characteristics of deposit products and look at the difference between deposits and comparable investment products such as cash management trusts.

Program Content

  • Regulatory Environment and Licencing
  • Overview of Deposit Products and Non-Cash Payments
  • Application of Cross Industry Laws

Learning Outcomes

  • Outline the common functions of money
  • Describe the concept of interest and differentiate between simple interest and compound interest
  • Discuss how Australia’s banks and the payment system are regulated to achieve a high level of consumer protection
  • Examine the features and characteristics of non-cash payment facilities that led to them being defined as financial products and therefore saw them fall under ASIC’s regulatory oversight.

What you will learn

Who is this course for?

  • banks
  • product developers
  • solution distributors
  • frontline branch and call centre staff
  • financial advisers

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

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

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Frequently Asked Questions

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