Target Market Determinations
Design and Distribution Obligations (DDO)
From 5 October 2021, product issuers and distributors across many financial product categories including managed funds will be subject to a new ‘Design and Distribution Obligations’ (DDO) regime from the Australian Securities and Investments Commission (ASIC).
The essence of the DDO regime is to ensure financial products are designed for consumers’ requirements and are distributed to investors for whom they have been designed. The regime imposes a range of obligations on both product issuers and distributors.
Target Market Determination (TMD)
TMDs form part of the DDO. Product issuers are obliged to:
Identify a target market of consumers, and design products suitable for that target market; and
Monitor consumer outcomes and review products to ensure that consumers are receiving products that are likely to align to their likely objectives, financial situation and needs.
Issuers and distributors must take ‘reasonable steps’ to ensure those products reach consumers in that target market.
Platinum’s TMDs are available below.
Target Market Determination Details
Key Dates & Events*
22 Feb 2023Half-year results and interim dividend announcement
02 Mar 2023Ex-date of Interim Dividend
03 Mar 2023Record date of Interim Dividend
17 Mar 2023Payment date of Interim Dividend
23 Aug 2023Full-year results and final dividend announcement
31 Aug 2023Ex–dividend Date for Final Dividend
01 Sep 2023Record Date for Final Dividend
15 Sep 2023Payment Date for Final Dividend
27 Sep 2023Last day to receive director nominations
15 Nov 2023Annual General Meeting