Target Market Determinations

A Target Market Determination is a document that describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to Members.
It also describes the events or circumstances where we may need to review the Target Market Determination for a financial product.

We’re required to have Target Market Determinations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

This is to make sure we’re keeping Members at the centre of our approach to the design and distribution of our financial products.

Entities or persons engaging in Retail Product Distribution Conduct under the Product Design and Distribution Obligation laws (e.g. comparison websites who provide general advice in relation to products in scope of Product Design and Distribution Obligations) must report information outlined in Target Market Determinations within a specified timeframe to Product Issuers.