Target Market Determinations
What is Target Market Determination?
A Target Market Determination describes the type of customers who may suit our product offering based on their needs, objectives, and financial situation (target market).
It also sets out who can distribute our product, how they can do this, and situations when we may need to review our product and the target market.
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’re ‘getting it right for customer’ – putting you at the centre of how we design and distribute our products.
The following Target Market Determination commence on 5 October 2021. The review triggers and reporting requirement set out in these Target Market Determinations will also commence from 5 October 2021.
To read more about Medfin Personal Loan Target Market Determination.