What is a Target Market Determination?
A Target Market Determination is a document which describes:
Why does Wagepay need to have Target Market Determinations?
Wagepay are required to have Target Market Determinations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019. This Act sets out obligations to ensure a customer-centric approach to designing, marketing and distributing financial products.
How do you access Wagepay ‘s Target Market Determinations?
To view our Target Market Determination documents, please click on the links below:
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.