Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsA person must make a target market determination for a financial product if:
(a) the product is a basic banking product within the meaning of section 961F of the Act; and
(b) the person issues, or offers to issue, the product.
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.