What is a Target Market Determination (TMD)?
A TMD is a document which describes:
- the consumer for which the product has been designed,
- the conditions around the product’s distribution,
- when this TMD will be reviewed, and
- record keeping and reporting obligations of distributors.
Please note a TMD is not intended to provide financial advice.
When making a decision about a product always make sure you refer to the Terms and Conditions and any supplementary document(s).
A TMD will outline the relevant terms and conditions being provided by the Lender under that respective product
Why do we have Target Market Determinations?
The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019 requires Us to have Target Market Determinations to ensure we are understanding your financial goals and objectives, and to further ensure that the most appropriate product is then recommended. Putting You, as the consumer, at the centre of how we distribute our products.
The following Target Market Determination commenced as of 5 October 2021.