A consortium of investors proposes to form a bank that will operate throughout Australia. The new entity will be a public company operating under the name, Oz Bank Ltd.
Oz Bank Ltd will offer the same range of services and products as other major trading banks in Australia.
Write an essay or report describing amongst other things:
You may select one retail trading bank operating in Australia, using its corporate and organisational structure as a model for Oz Bank Ltd.
This question belongs to financial law and discusses about regulatory requirements that a Bank will need to satisfy in order to gain authorization from the relevant regulator to engage in a banking business.
Total word count: 2625
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