Target Market Determinations
From 5 October 2021, Community First is required to comply with new Product Design and Distribution Obligations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019. These obligations put in place a framework to ensure financial institutions put customers at the centre of the entire product lifecycle.
As part of this framework, we are required to make available a Target Market Determination for all products captured under the changes. Target Market Determinations will be available on this page from 5 October 2021.
What is a Target Market Determination (TMD)?
A TMD contains information about a product including who the product is suited to (the target market) based on their needs, objectives and financial situation.
It also includes information on who can distribute the product, when we may need to review the product and/or the target market.
Target Market Determinations
Transaction & savings accounts
- Access account
- Everyday Account/Pink Everyday Account
- Retirement Plus account
- Junior Saver account
- Bonus Saver account
- Christmas Saver account
- Term Deposits
Overdraw feature
Debit cards
Business transaction & savings account
Credit cards/revolving credit
- Low Rate Credit Card/Low Rate Pink Credit Card/Low Rate Blue Credit Card
- Overdraft - mortgage unsecured
- Overdraft - mortgage secured
Personal loans
- Green Loan/Home Improvement Loan
- Car Loan - fixed
- Car Loan - variable
- Green Car Loan - fixed
- Green Car Loan - variable
- Personal Loan - fixed
- Personal Loan - variable
Home loans
- Standard Variable home loan
- Balance Variable home loan
- Bridging Variable home loan
- Basic Variable home loan
- Fixed home loan
- Accelerator Package home loan - variable
- Accelerator Package home loan - fixed
- Accelerator Package home loan - 3yr fixed owner occupier special
Distributor/whitelabel products
Get in touch
If you would like more information on Target Market Determinations please give us a call on 1300 13 22 77.
If you're looking to report information to Community First as outlined in our product Target Market Determinations, please email your information to DDOreporting@communityfirst.com.au.
Community First Credit Union LimitedABN 80 087 649 938 | Operating as Community First Bank | AFSL and Australian credit licence 231204| BSB 512-170