Our disclosure statements contain important information about the terms and conditions, fees, charges, transaction limits etc that apply to accounts or access facilities. You should retain the relevant document for future reference as the information will also apply to new accounts you obtain or to facilities for accessing these accounts.
This document provides you with information regarding the products and services.
A Target Market Determination (TMD) is a document that describes the type of customer one of our products may suit (target market), and any conditions around how the product can be distributed to our customers.
It also describes the events or circumstances where we may need to review the Target Market Determination (and target market) for the financial product.
Please note a TMD is not intended to provide financial advice. When making a decision about a product always make sure you refer to all the relevant disclosure documents found here. These will outline the relevant terms and conditions being provided under that product.
Why does Australian Mutual Bank have Target Market Determinations?
From 5th October 2021, we are required to comply with a new law under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019 (DDO). This law requires us to have Target Market Determinations to meet our obligations.
This is to make sure we’re keeping members at the centre of our approach to the design and distribution of our financial products.
Contact Us
If you're still not sure whether our products or services are right for you or you wish to enquire about DDO, feel free to contact us.
Target Market Determinations sheets:
Credit Card
All Purpose Loan
Green Loan
Car Loan
Green Car Loan
Edvest Cash Management Account
Essential Saver Account
Momentum Saver Account
Pension Advantage
Starter Saver Account
Everyday Direct Account
Everyday Business Account
Edvest Term Deposit
Term Deposit
Your Way Investment Basic Variable Rate Home Loan
Your Way Investment Fixed Rate Home Loan
Your Way Investment Standard Variable Rate Home Loan
Your Way Owner Occupied Basic Variable Rate Home Loan
Your Way Owner Occupied Fixed Rate Home Loan
Your Way Owner Occupied Standard Variable Rate Home Loan
Your Way Plus Investment Home Loan
Your Way Plus Owner Occupied Home Loan
Business Saver Account
SCU Trust is a securitisation programme established by the Bank for the purpose of establishing Australian Dollar, Prime, Full Document Residential Mortgages which may be utilised to supplement the Banks Liquidity & Funding requirements. Australian Mutual Bank Ltd, as an information Provider to the Reserve Bank of Australia is required to make certain data publicly available to users who require it to evaluate Asset Backed Securities for professional or academic research purposes. If you would like to make an enquiry or arrange access to the data, please contact us.
Australian Mutual Bank have and will continue to have a diverse workforce. It is a true reflection of our member base and a necessary strategy to ensure we are at our best for those members and for each other.
We do not pay people differently based on their gender or ethnicity. We have an equal gender balance in our Board of Directors and have introduced strategies to ensure we work towards that for our workforce.
Currently the Australian Mutual Bank gender pay gap is caused by us having a lower proportion of females in senior leadership roles and a higher proportion overall in our total staff complement.
We have work to be done and are committed to striving towards our goal of significantly reducing the gender pay gap.
