Target Market Determinations

From 5 October 2021, we are required to comply with the Design and Distribution Obligations. This means that as an Issuer and Distributor of financial products, we must identify an appropriate target market and take reasonable steps to ensure that our products meet the needs of this defined target market.

Hume Bank is now ready to begin sharing our Target Market Determination (TMD) for each required product, which is a document that outlines:

• the class of customers who comprise the product’s target market;​
• any conditions and restrictions on how the product can be distributed to customers;​
• events or circumstances that will require Hume Bank to review the Target Market Determination for a financial product; and​
• (for some products) the information that third party distributors must provide Hume Bank.

We are always working on solutions to ensure that we provide you with products or services that help you achieve more value from us.

A TMD does not replace the Terms and Conditions, nor the disclosures made, in a Product Disclosure Statement (PDS). You should continue to refer to the PDS before deciding to open a financial product.
 

Which products and services are covered by these obligations?

The following products are covered by these obligations and the links to their Target Market Determinations can be found below:
 

Target Market Determination for Products Issued by Hume Bank

Target Market Determinations for third-party products distributed by Hume Bank

Cash Passport Platinum Mastercard

Insurance products: Boat, Building & Contents, Building, Caravan & Trailer, Contents, Contents for Renters, Landlord, Motor