Legal

Advice provided by MyState Bank on this website does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate advice for you. MyState Bank recommends you read our Product Disclosure Documentation below before acquiring the product. Loan applications are subject to MyState Bank credit approval criteria and may also require approval of a Lenders Mortgage Insurer. Terms and conditions, fees and charges apply. Fees and charges are subject to change.

Target Market Determinations

From 5 October 2021, this page will include the Target Market Determinations for MyState Bank financial products.

A Target Market Determination is a document created by MyState Bank which describes:

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

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.