Target Market Determination

From 5 October 2021, this page will include the Target Market Determinations for financial products issued by CommBank and CommSec.

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 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.


Find a Target Market Determination.

CommSec Exchange Traded Options

Publish Date

15 December 2021


30 September 2021

CommSec US Exchange Traded Options

Publish Date

30 September 2021

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&






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