What’s a Target Market Determination?

A Target Market Determination (TMD) is a document which describes the type of customers who a product is appropriate for.

From 5 October 2021, Design and Distribution Obligations (DDO) came into force. These reforms require us to design financial products to distribute our products in a more targeted manner and to ensure we take a customer centric approach.

Freedom Lend has developed TMD for you to review.

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 make sure we keeping customers at the centre when designing and distributing our financial products.

This ensures we’re ‘getting it right for customers’ based on needs, objectives, and financial situation.