Target Market Determinations

From 5 October 2021, the Design and Distribution Obligations (DDO) specified in Part 7.8A of the Corporations Act 2001 (Cth) came into effect for all issuers and distributors of financial products that are covered by DDO. DDO requires issuers and distributors of financial products to have a consumer-centric approach to the design and distribution of their products, with the aim of helping consumers to obtain financial products that are appropriate for their likely objectives, financial situation and needs.

A Target Market Determination (TMD) seeks to provide consumers, Australian Retirement Trust staff and distributors with an understanding of the class of consumers for which certain Australian Retirement Trust products have been designed (the target market), having regard to their likely objectives, financial situation and needs. The TMDs are not a full summary of the product's terms and conditions and are not intended to provide financial advice. Consumers must refer to the Product Disclosure Statement (PDS) and any supplementary documents when making a decision about Australian Retirement Trust's products, and to seek financial advice if appropriate.