Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:7:p20
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 7 (pt 20/39)
Character Range: 1153013–1155734

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.

7.8A.06  Debentures of certain bodies
  A person must make a target market determination for a financial product if:
 (a) the product is a debenture of a body that is:
 (i) an ADI (short for authorised deposit‑taking institution) within the meaning of the Banking Act 1959; or
 (ii) registered under section 21 of the Life Insurance Act 1995; and
 (b) but for subsection 708(19) of the Act, disclosure to investors under Part 6D.2 of the Act would be needed for an offer of the debenture for issue or sale; and
 (c) the person is the person who, but for subsection 708(19) of the Act, would be required to prepare a disclosure document for an offer of the debenture for issue or sale.
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.

7.8A.07  Basic banking products
  A person must make a target market determination for a financial product if:
 (a) the product is a basic banking product; 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.

7.8A.08  Investor‑directed portfolio services
 (1) A person must make a target market determination for a financial product if:
 (a) the product is an interest in a managed investment scheme; and
 (b) the interest arises out of participation or proposed participation in an IDPS, but is not IDPS property; and
 (c) but for ASIC Class Order [CO 13/763], Part 7.9 of the Act would give rise to an obligation on a person to give another person a Product Disclosure Statement for the interest; and
 (d) the person is the operator of the IDPS.
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.
 (2) The following terms used in this regulation have the same meaning as in the section 912AD set out in paragraph 6 of ASIC Class Order [CO 13/763]:
 (a) IDPS;
 (b) IDPS property;
 (c) operator, in relation to an IDPS.

7.8A.09  Exchange traded products
 (1) A person must make a target market determination for a financial product if:
 (a) the product is covered by subregulation (4); and
 (b) the product