Company Acc
What ID do you need for a Company Account?
- Full company search
- Latest annual
- Certificate of registration
True OR False
One person can hold 2 of the 3 office bearer positions
True
What is the difference between General and Enduring POA?
General - Short Term appointment
Enduring - Operates after the principal loses mental capacity
How often do we do alarm checks?
Once a week Friday before lunch
How many metres away from the door should we be for morning pick up ?
20 metres
True OR False
We need to collect AML for signing AND non signing Beneficial Owners
TRUE
ACNC Search
If a document was pre 2004, did the attorney have to sign the document ?
How many days to we have to have the BSA completed ready for op's to check?
MUST be completed in the first 5 business days of the month
How many times a day should you balance ?
3
What do we need to add on a business name?
What are 3 minimum requirements of meeting minutes?
- Dated less than 12 months
- Office bearers (Full name including middle)
What are the 3 P's to investigate any red flags?
- Private Conversations
- Probing Questions
- Preventative action
What colour does the light above the door need to be to enter
Red
Can we request to have more than 4 branch keys issued
Nope
Does the primary source of income (PSOI) and source of wealth (SOW) have to be recorded for a business name?
No, PSOI & SOW are not applicable for a business name.
What is an Association?
Associations are entities which fall into two main categories; incorporated & unincorporated.
If the POA document is signed by all Attorneys and the method of operation is jointly and/or severally, do all Attorneys have to be added to the principal’s account before it can commence?
No, as the attorneys can act individually.
How many people need to be present when taking over cash?
Two
What is a Company?
A company is a business structure formed by one or more people who want to have a business that is a separate legal entity to themselves.
How many ATM checks should we do daily
2