CQiB | Professional Banking Fundamentals - topic 2
COMPREHENSIVE questions answered, 2026 verified graded
A+ already passed!
when was the new payments platform formed?
December 2014
what are the main functions of the RBA and how does it promote financial
stability?
manage monetary policy in Aus
stabilise currency
manage unemployment
Economic prosperity and welfare of Aus
people responsible for the payment
systems
what does the AFSL stand for?
Australian financial services license
what are the 6 reasons someone is classes as a wholesale client
product value > $500K
income over $250K for 2 financial years
>$2.5M in assets
professional investor
business with >100
employees sophisticated
investor
, what are the 7 obligations with a AFSL?
licensing obligation
financial product advice and
dealing disclosure
training of financial product
advisors organisational
competency
dispute
resolution
breach
reporting
what are the 3 obligations of a AFSL that will impact you the most in your role
training of financial product
advisors breach reporting
product advise and dealings
2012 future of financial advice reforms introduced what 5 changes
conflicted
remuneration best
interest duty
scaled
advice fees
disclosure
enhanced powers for ASIC
National consumer credit protection act 2009 is regulated by who?
ASIC
COMPREHENSIVE questions answered, 2026 verified graded
A+ already passed!
when was the new payments platform formed?
December 2014
what are the main functions of the RBA and how does it promote financial
stability?
manage monetary policy in Aus
stabilise currency
manage unemployment
Economic prosperity and welfare of Aus
people responsible for the payment
systems
what does the AFSL stand for?
Australian financial services license
what are the 6 reasons someone is classes as a wholesale client
product value > $500K
income over $250K for 2 financial years
>$2.5M in assets
professional investor
business with >100
employees sophisticated
investor
, what are the 7 obligations with a AFSL?
licensing obligation
financial product advice and
dealing disclosure
training of financial product
advisors organisational
competency
dispute
resolution
breach
reporting
what are the 3 obligations of a AFSL that will impact you the most in your role
training of financial product
advisors breach reporting
product advise and dealings
2012 future of financial advice reforms introduced what 5 changes
conflicted
remuneration best
interest duty
scaled
advice fees
disclosure
enhanced powers for ASIC
National consumer credit protection act 2009 is regulated by who?
ASIC
