It’s a document created by Bankwest which describes:
We’re 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.
Here are the current TMDs for the products we offer.
For products administered by Cover-More (for the product issuer, Zurich), information about the target market can be found in the Credit Card Travel Insurance TMD (PDF).
Persons or entities engaging in Retail Product Distribution Conduct under the Product Design and Distribution Obligation (DDO) laws (e.g. comparison websites who provide general advice in relation to products in scope of DDO) must report information outlined in Target Market Determinations within a specified timeframe to Product Issuers.
If you're looking to report information to Bankwest as outlined in our product TMDs, you can:
You'll be able to chat to them about how to share the info with Bankwest.
If you don't have a Relationship Manager, please email us at DDOreporting@bankwest.com.au.
Message us in the Bankwest App or online banking, or speak with someone from the team today.