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AAA TMD SMSF Variable 01.06.2022Target Market Determination for SMSF Variable ProductSMSF Variable InvestmentProduct ManagerColumbus Capital Pty Ltd ACN 119 531 252, Australian Financial Services

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What is target market determination for?

Target market determination is used to identify and specify the particular group of consumers who are intended to benefit from a financial product or service, ensuring that the offerings meet the needs of that specific audience.

Who is required to file target market determination for?

Financial institutions and other entities offering products regulated under certain laws, such as those pertaining to financial services, are required to file target market determinations.

How to fill out target market determination for?

To fill out a target market determination, companies must conduct market research, analyze customer demographics, assess the product features and suitability, and document their findings in a designated form or report.

What is the purpose of target market determination for?

The purpose of target market determination is to ensure that financial products are marketed correctly, align with the needs of the intended consumers, and comply with regulatory standards.

What information must be reported on target market determination for?

The target market determination must report information including the characteristics of the target market, the product's intended use, customer profiles, and any demographic data relevant to the product's suitability.

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