<human>: Can you condense the text into three sentences or less?

A lot of things have been wikileaked since that word was invented but I have never detected this one: which is to say, the closely-held internal formula, standards and procedures on assessing credit card applications by an Australian bank. Because I'd like to know:

    if you say you have or don't have another credit card, do they check that and how do they do so
    if you state the limit of your borrowing with another lender (including for credit cards) must they just take your word for it
    does it matter at all that you have substantial assets if your present income is small
    do they check the property register for mortgages on your abode
    just in general how far do they check what's asserted on a finance application without going back to the applicant first to bring more supportive evidence. What are they checking and finding out about us that we're ordinarily not privy to?
<bot>: want to know what scope of investigation a bank does when I take the bait on one of their credit offers and answer the usual application questions with the minimum they're asking to be told