WHAT IS A TARGET MARKET DETERMINATION (TMD)?
A Target Market Determination (TMD) is a document that describes the type of customer who a product is appropriate for (target market), and any conditions around how the Club product can be distributed to our customers.
It also describes the events or circumstances where Finance by Travel and Leisure Pty Ltd (FbW) may need to review the Target Market Determination (and target market) for the financial product.
WHY DOES FINANCE BY TRAVEL AND LEISURE HAVE TARGET MARKET DETERMINATIONS?
From 5 October 2021, FbW are required to comply with a new law under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019. This law requires FbW to have Target Market Determinations to meet its obligations.
Click here for a copy of the Target Market Determination.