Target Market Determinations

Why does Australian Unity 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.

What is a Target Market Determination(TMD)

A TMD is a set of criteria that we, in our capacity as the product issuer, issue for each of our products (including their investment options).

These allow us to publicly state, in simple terms, who our products are likely to be appropriate for. They also contain details around distribution conditions, eligibility criteria, information reporting requirements, and a set of internal review triggers.