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FSC Forms

Target Market Determination (TMD)

Templates

FSC Target Market Determination Templates

The FSC provides a suite of Target Market Determination (TMD) templates to support industry compliance with the Design and Distribution Obligations (DDO) regime.
Form Funds management, including Exchange Traded Funds (ETFs) and Listed Investment Companies (LICs)
Members only Investment Management 2025
Form Superannuation Choice Products (Master Trusts), non-wrap
Members only Superannuation 2025
Form Managed accounts
Members only Investment Management 2025
Form Superannuation platform/wrap
Members only Superannuation 2025
Form IDPS
Members only Investment Management 2025

*These documents are provided as permalinks and may be updated periodically without changes to the URL.


The FSC’s TMD templates are widely adopted across the financial services industry and are designed to assist investment product issuers in meeting their DDO compliance obligations.
The updated templates are available for immediate use. However, product issuers should note that industry service providers and investment platforms may require time to implement the revised formats. We encourage issuers to engage with relevant stakeholders to align implementation timeframes.