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Target Market Determination Version 1 dated 21 April 2023 This Target Market Determination (TMD) has been prepared in accordance with the Treasury Laws Amendment (Design and Distribution Obligations
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How to fill out design and distribution obligations

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How to fill out design and distribution obligations

01
Identify the specific design requirements for the product being distributed.
02
Create a plan for fulfilling these design requirements, including any necessary materials, technology, or expertise.
03
Implement the design plan, ensuring that all components meet the necessary specifications and quality standards.
04
Test the product to ensure it functions correctly and meets all safety regulations.
05
Develop a distribution plan that includes packaging, shipping, and delivery logistics.
06
Monitor the distribution process to ensure that all products are reaching their intended destinations in a timely manner.

Who needs design and distribution obligations?

01
Any business or individual involved in designing and distributing products may need to adhere to design and distribution obligations. This includes manufacturers, wholesalers, retailers, and any other entities involved in the supply chain.
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Design and distribution obligations refer to the regulatory requirements that financial services providers must meet when designing and distributing financial products. These obligations ensure that products are suitable for target markets and that the distribution is responsible and transparent.
Financial services providers, including issuers and distributors of financial products, are required to file design and distribution obligations.
To fill out design and distribution obligations, providers must complete a relevant form detailing the product's target market, the product's objectives and features, and how it will be distributed. This often includes providing evidence that the product meets the needs of the identified target market.
The purpose of design and distribution obligations is to protect consumers by ensuring that financial products are appropriately designed for their intended target markets and that they are marketed in a way that is clear and informed.
Providers must report information about the target market, product suitability, distribution strategies, and any adverse outcomes or complaints regarding the product's performance in relation to the target market.
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