easyBondpay residential tenancy bond loan

From 5th October 2021, we (that is, Easybondpay Pty Ltd ABN 82 615 030 245, ACL 495421) are required by s.994B of the Corporations Act 2001 (Cth) to have a Target Market Determination for our easyBondpay residential tenancy bond loan product.

What is a Target Market Determination

A Target Market Determination seeks to help consumers obtain appropriate financial products.

It describes:

• the design of the product concerned (including its key attributes)
• the appropriate target market for the product
• any conditions and restrictions on distribution of the product and
• when the Target Market Determination needs to be reviewed.

The aim is to ensure a customer focus in the design and distribution of financial products. Access our Target Market Determination here.

Obligations of Distributors

Those who wish to distribute our easyBondpay residential tenancy bond loan product also have obligations under s.994E(3) and s.994F of the Corporations Act 2001 (Cth). The above Target Market Determination describes those obligations.

They include that distributors must take reasonable steps to distribute the product consistently with the Target Market Determination, and that they must report to us certain information which is specified in the Target Market Determination within the time frame specified. Such reports should be made to us at [email protected].

Contact

If you wish to contact us regarding the above Target Market Determination, or regarding our design and distribution obligations, please call 1300 02 2663 or email us at [email protected].