Target Market Determinations

A Target Market Determination (TMD) describes the target market for a financial product and relevant conditions in relation to the distribution of the product to consumers. It also includes the events or circumstances where we may need to review our products and the TMD.

Target Market Determinations are a requirement of the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

Advice licensees and financial advisers can learn more about design and distribution obligations (DDO), including reporting requirements here.

Superannuation plans

AustralianSuper Plan

This TMD describes the target market for the AustralianSuper Plan, an employer-sponsored accumulation product open to full-time, part-time, and casual employees of any industry.

Personal Plan

This TMD describes the target market for the Personal Plan, a product open to people who are self-employed, sole traders, a partner in a partnership, are not currently in paid employment or are employed but would not have Superannuation Guarantee contributions as set out in the Superannuation Guarantee (Administration) Act 1992 paid into this product.

AustralianSuper Select

This TMD describes the target market for AustralianSuper Select, an employer-sponsored accumulation product open to people working for an eligible AustralianSuper Select employer who offers employees a super product with tailored insurance arrangements.

Super Options

This TMD describes the target market for Super Options, an employer-sponsored accumulation product open to people working for an eligible Super Options employer who offers employees a super product without default Income Protection cover.

GHD Superannuation Plan

This TMD describes the target market for the GHD Superannuation Plan, an employer-sponsored accumulation product open to GHD employees.

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Retirement income plans

TTR Income

This TMD describes the target market for TTR Income, a ‘transition to retirement’ pension product open to people wanting to reduce their work hours or grow their super savings, while still receiving a regular income.

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Choice Income

This TMD describes the target market for the AustralianSuper Choice Income product, an account-based pension open to people seeking to turn their super into a regular income in retirement.