What’s a Target Market Determination?
A Target Market Determination is a document which 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 CommBank and CommSec need to have Target Market Determinations?
We’re required to have Target Market Determinations under the Design and Distribution Obligations under Pt 7.8A of the Corporations Act 2001 (Cth).
This is to make sure we’re keeping customers at the centre of our approach to the design and distribution of our financial products.
Find a Target Market Determination.
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CommSec Exchange Traded Options |
Publish Date |
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10 October 2024 |
If you require a previous version of a TMD or a TMD for a product not currently distributed, please contact us at I&DProduct@cba.com.au. Please ensure you include the product name & time period in your request.
Important information for entities or persons that engage in Retail Product Distribution Conduct in relation to CommSec products.
Entities or persons engaging in Retail Product Distribution Conduct under the Product Design and Distribution Obligation (DDO) laws (e.g. comparison websites who provide general advice in relation to products in scope for DDO) must report information outlined in Target Market Determinations (TMD) within a specified timeframe to Product Issuers.
If you are looking to report information to CommSec as outlined in our product TMDs:
- Contact your CommSec Relationship Manager to discuss how to share this information with CommSec
- If you do not have a CommSec Relationship Manager, please email your information to I&DProduct@cba.com.au