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
Term deposits
Superannuation
Credit cards
Personal loans
Home loans
Insurance
To obtain a TMD for an insurance policy that was issued prior to the date of any of the above, please contact CGU directly on 1300 943 690.
Travel
