Target Market Determination

 

What is a Target Market Determination?
A Target Market Determination is a document created by Symple Loans which describes:
the class of customers who comprise of the product’s target market.
any conditions and restrictions on how the product can be distributed to customers.
events or circumstances that will require Latitude to review the Target Market Determination for a financial product.

Why does Symple need to have Target Market Determinations?
We are required to have Target Market Determinations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.
This is to make sure we’re keeping customers at the centre of our approach to the design and distribution of our financial products.

Target Market Determination (TMD)
Unsecured Variable Rate Personal Loan

Questions?
If you have any questions about this TMD, please contact us on 1300 330 295 or email customerservice@sympleloans.com.au