What is a Target Market Determination?
A Target Market Determination (TMD) is a document that specifies the ideal customer type for a product, as well as any distribution requirements.
TMD specifies the characteristics of the target market, including their needs, objectives, financial situation, and other relevant factors. It also identifies any limitations on who can access the product and the circumstances under which it can be distributed.
It also details reporting responsibilities and the conditions that would prompt a review of the TMD.
Why is Target Market Determination important for Uptain?
In accordance with the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act (Cth) 2019, we are obligated to provide Target Market Determination.
The purpose of this requirement is to ensure that customers remain at the forefront of our approach to designing and distributing financial products. It is aimed at ensuring that we are meeting customers’ needs and providing them with suitable products.
Our Target Market Determination
Uptain Home Loan
