A person must make a target market determination for a financial product if:
(a) the product is a simple corporate bonds depository interest where the bonds are to be issued under a 2 - part simple corporate bonds prospectus; and
(b) the person is the person required to prepare a disclosure document for the bonds.
Note: The person must make the determination before any person engages in retail product distribution conduct in relation to the product: see subparagraph 994B(2)(b)(ii) of the Act.