Deposit Product TMDs

Australian Dollar Statement Account
Cash Management Account 
Essential Offset Account
Foreign Currency Statement Account
Foreign Currency Term Deposit
Personal Online Savings Account
Standard Current Account
Student Account
Term Deposit

Loan Product TMDs

Bridging Loan
Essentials Home Loan
Fixed Rate | Owner Occupier and Investor Home Loan
Personal Line of Credit
Personal Loans
The Basics Home Loan

What is a Target Market Determination?

A Target Market Determination (TMD) is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers.

It also describes the events or circumstances where we may need to review the Target Market Determination for a financial product.

Why do banks need to have TMDs?

ABAL is required to have TMDs under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

This is to make sure customers needs are well-considered when designing and distributing our financial products.