The new Design and Distribution Obligations (DDO) apply, which are intended to help consumers obtain appropriate financial products by requiring issuers and distributors to have a consumer-centric approach to the design and distribution of their financial products. As part of these new DDO obligations, insurers are required to create a written Target Market Determination (TMD) for all their policies which are accompanied by a Product Disclosure Statement (PDS).
A TMD helps you to understand the class of customers an insurance policy has been designed for and who it is not. A TMD does not replace the terms and conditions, nor the disclosures made, in the PDS. Avoca is required to make available these TMDs should you wish to review them.
Before making a decision to enter or renew an insurance policy, you should consider whether it is appropriate for your specific circumstances and read the relevant PDS and TMD.
A copy of the TMD can be obtained by the following links to the insurer, underwriting agent or premium funder below.
Please see the below list of target market determinations and key contacts for relevant Insurers.
Product types: Corporate Travel, Group Personal Accident
TMD link: Click here to access
Product types: All products
TMD link: Click here to access
TMD –
BIA do not plan on having any products that fall within the PDDO regime as BIA focus on wholesale products and have not identified any product requiring a TMD.
Product types: Home Building and Contents, Landlords, Private Motor, Boat, Caravan, Country Pack, Farm Motor, Commercial Motor, Fleet Motor, Owner Builder
TMD link: Click here to access
Product types: A&H Corporate, Business Pack, Fine Art, Leisure Travel Insurance, Marine, Personal Lines, Strata, Business Pack (SCTP)
TMD links –
Standard: Click here to access
Steadfast (SCTP): Click here to access
Product types: Commercial Motor, Home Building and Contents, Landlords, Motor
TMD links –
Commercial Motor: Click here to access
Home Building & Contents: Click here to access
Landlords: Click here to access
Motor: Click here to access
Product types: Home (SCTP), Landlords (SCTP), Motor (SCTP)
TMD link: Click here to access
Product types: Home (SCTP), Landlords (SCTP), Motor (SCTP)
TMD link: Click here to access
Product types: Home (SCTP), Landlords (SCTP), Motor (SCTP)
TMD link: Click here to access
Product type: Steadfast Commercial Motor, Steadfast Listed Events Home and Contents, Steadfast Accidental Damage, Steadfast Pleasure Craft, QBE Steadfast Commercial Motor (SCTP)
TMD links – These TMDs are effective and visible from 23/08/2021
Steadfast Commercial Motor (PDS QM – QM6238 / TMD QM – QM9168)
Private Motor
Listed Events Home & Contents Policy – Steadfast (PDS QM – QM486 / TMD QM – QM9170)
Steadfast Accidental Damage Policy with Flood (PDS QM – QM487 / TMD QM – QM9167)
Steadfast pleasure craft policy (PDS QM – QM2707/ TMD QM – QM9171)
Client Trading Platform Commercial Motor Insurance (PDS QM – QM8949/ TMD QM – QM9169)
Farm Pack – Combined Personal and Commercial (PDS QM – QM7794/ TMD QM – QM9136)
Product types: SME Packages, Commercial Motor
TMD link: Click here to access
Product types: Commercial Motor, A&H, Travel and Marine
TMD link: Click here to access
Please see the below list of target market determinations and key contacts for relevant Underwriting Agencies.
Product types:
TMD links:
Product types: All Parks Tourist Parks & Lifestyle Villages Insurance
TMD link: Click here to access
Product types: Gearsure Equipment Insurance
TMD link: Click here to access
Product types: Farm Extra Insurance
TMD link: Click here to access
Product types: Transport Operator Package, Taxi Operator Package, Rideshare Operator Package
TMD link: Click here to access
Product types:
TMD link:
Product types: Business Travel, Journey Accident, Group Personal Accident & Sickness, Sports Group Personal Accident, Personal Accident & Sickness, Voluntary Workers Accident
TMD link: Click here to access
Product types: Home Building and Contents, Landlord, Motor, Business Insurance
TMD links –
Steadfast (SCTP): Click here to access
Standard: Click here to access
Product types: Residential Strata, Commercial Strata, Community Association, Build-to-Rent-Residential, Landlords Insurance for Strata, Contents Insurance for Strata
TMD links: Click here to access
Product types: Caravan, Motorhome, Relocatable Home
TMD link: Click here to access
Product types: Pleasure Craft
TMD link: Click here to access
Product types: Motor Vehicle, Motorcycle, Driving Instructor
TMD link: Click here to access
Product types: Accident and Health
TMD link: Click here to access
Product types: Driveline Commercial/Fleet Insurance: Comprehensive Cover, Own Damage Only Cover and Third Party Property Damage Only Cover TMD, Driveline Essential and Platinum Taxi Packages: Comprehensive Cover and Third Party Property Damage Only Cover TMD, AON Vertex Heavy Motor Vehicle Insurance: Comprehensive Cover, Theft, Fire and Third Party Liability Cover and Third Party Liability Cover Only TMD, MMA Heavy Motor Vehicle and Mobile Plant Insurance: Comprehensive Cover and Liability Only Cover TMD, Driveline Rideshare and Driveline Hire Vehicle Packages: Comprehensive Cover and Third Party Property Damage Only Cover TMD
TMD link: Click here to access
Product types: Accident and Health
TMD link: Click here to access
Product types: Heavy Motor Vehicle Fleet
TMD link: Click here to access
Product types: Mansions Executive Insurance
TMD link: Click here to access
Product types: Single Project, Contractors Plan
TMD links –
Single Project: Click here to access
Contractors Plan: Click here to access
Product types: Transport Pack, Fleet Motor, Equipment and Machinery, Mobile Plant and Equipment, Marine, Shipping and Delivery
TMD link: Click here to access
Product types: Boat
TMD link: Click here to access
Product types: Caravan and Motorhome, Motorcycle, Boat and Personal Watercraft, Commercial Boat, Wharves, Piles and Jetties, Home Contents and Personal Property in Transit
TMD link: Click here to access
Product types: Individual, Group, Sports PAS and Voluntary Workers PA.
TMD link: Click here to access
Product types: Personal Accident
TMD link: Click here to access
Product types: General Property, School Student Used Equipment
TMD links –
General Property: Click here to access
School Student Used Equipment: Click here to access
Product types: Fleetcare, Motor Fleet, Financial Gap Assist, Involuntary Unemployment, Accident and Sickness, Motor Excess Reimbursement, Residual Protection, Total Loss, Journey, Personal Accident
TMD links: Click here to access
Product types: Strata
TMD link: Click here to access
Product types: Farm Pack, Small Farm
TMD link: Click here to access
Product types: Strata Community
TMD link: Click here to access
Product types: Marina Facilities, Voluntary Workers Accident and Health, Private Vessel, Bluewater Vessel
TMD link: Click here to access
Please see the below list of target market determinations and key contacts for relevant Premium Funders.
Product types: Domestic Insurance Premium Funding
TMD link: Click here to access
Product types: Domestic Insurance Premium Funding
TMD link: Click here to access
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