Target Market Determinations

What’s a Target Market Determination?

A Target Market Determination (TMD) describes the appropriate target market for a financial product and conditions around how the product can be distributed to consumers. It also details the circumstances where we may need to review the Target Market Determination for a superannuation product.

Why does Media Super need to have Target Market Determinations?

By law, we’re required to have a Target Market Determination for each of our products. These are covered under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019.

 This is to ensure we design products that are appropriate for the consumers in the target market and consistent with their objectives, financial situation and needs.

Media Super Products

• Media Super Industry Super TMD  - describes the target market for those employees who intend to receive super contributions from their employer who want to join Media Super.

• Media Super Corporate Super TMD  - describes the target market for those joining this product through their eligible Media Super employer.

• Media Super Sole Trader Super TMD   - describes the target market for sole traders who are making their own super contributions who want to join Media Super.

• Media Super Personal Super TMD     - describes the target market for those who are not currently working or who are not receiving super contributions from an employer who want to join Media Super.

Financial Advisers can provide feedback, on behalf of a Media Super member, regarding Media Super’s product offering via DDO.Adviser.Feedback@mediasuper.com.au