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Module 6: BID Scenarios
Updated over a year ago

In this module, see real-world examples of how best interests duty can influence how you work with clients from January 2021.


Scenario 1

Variable interest rates – Watch this short practical example of how to meet your best interests duty for a client requiring a competitively priced variable-rate loan.

Scenario 2

Fixed interest rate – Watch this short practical example of how to meet your best interests duty for a client requiring a competitively priced fixed-rate loan.

Scenario 3

Product features – Watch this short practical example of how to meet your best interests duty for a client requiring an offset redraw and have the ability to make additional repayments.

Scenario 4

Repayment types Watch this short practical example focusing on how to meet your best interests duty for a client requesting a mix of P&I and interest-only repayments.

Scenario 5

Limited deposit – Watch this short practical example of how to meet your best interests duty for a client who requires more than 80 percent of the property value, due to limited savings.

Scenario 6

Refinance – Watch this short practical example of how to meet your best interests duty for a client requesting you to assess the competitiveness of their current home loan.

Scenario 7

Professional package - Watch this short practical example on how to meet your best interests duty for a client considering a pro pack to match their needs and requirements.


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