What’s a Target Market Determination?
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 customers.
It also describes the events or circumstances where we may need to review the Target Market Determination for a financial product.
Why does Defence Bank need to have Target Market Determinations?
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 customers at the centre of our approach to the design and distribution of our financial products.
Important information for entities or persons that engage in Retail Product Distribution Conduct in relation to Defence Bank products.
Entities or persons engaging in Retail Product Distribution Conduct under the Product Design and Distribution Obligation laws must report information outlined in Target Market Determinations within a specified timeframe to Product Issuers.
If you are looking to report information to Defence Bank as outlined in our product Target Market Determinations, please contact Defence Bank by emailing your information to product@defencebank.com.au.
Target Market Determination documents
Deposit/savings accounts
Everyday Access
iSaver
Max eSaver
Salute
Cadet Saver
Teen Saver
Kids Club
Visa Debit card
Home Loan Offset account
Term deposits
Term Deposit
Business Term Deposit
Superannuation
Defence Bank Super Assured RSA - Accumulation
Defence Bank Super Assured RSA - Pension
Credit cards
Defence Bank Foundation Credit Card
Personal loans
Personal Loan
New or Used Car Loan
Debt Consolidation Loan
Home loans
Ultimate Essentials Home Loan Owner Occupied
Ultimate Essentials Home Loan Investor
Premier Low Rate Home Loan
Premier Low Rate Home Loan Investor
Premier Home Loan Owner Occupied
Premier Home Loan Investor
Insurance
Car Insurance
Building and Contents Insurance
Landlords Insurance
Barrack Room Contents Insurance
Covermore Travel Insurance