Design and Distribution Obligations

Overview

The Design and Distribution Obligations (DDO) seek to assist people by ensuring that their objectives, financial situation, and needs are taken care of within the design and distribution of certain financial products. For Christian Super, these products are:

  1. our Superannuation Choice Product, which seeks to provide a range of investment options that a person can choose from to meet their objectives, financial situation and needs when in their accumulation phase; and
  2. our Pension Product, which seeks to provide a range of investment options that a person can choose from to meet their objectives, financial situation and needs when in their pension phase.

 

Target Market Determinations

As a Product Issuer, Christian Super has developed Target Market Determinations for each of the above products to help people select the right product for them, and to outline the responsibilities that Product Distributors have when distributing Christian Super’s products. These can be accessed below:

 

Authorised Distributors

You can find out whether you’re an Authorised Distributor of Christian Super’s products within the Target Market Determination for each product.

If you are an Authorised Distributor, you are expected to understand your own obligations under the DDO, including (but not limited to):

  1. understanding who is in the target market for each product;
  2. taking reasonable steps to ensure that the product is distributed in accordance with the Target Market Determination for that product (including the adherence to any distribution conditions imposed in the Target Market Determination);
  3. submitting reports as required by the Target Market Determination for each product; and
  4. keeping accurate records in accordance with ASIC’s guidance.

For specific information regarding your obligations, we suggest you refer to ASIC’s guidance, or contact your relevant licensee, consultant, legal adviser, or industry body for more information.

 

Reporting

Authorised Distributors of Christian Super products are required to provide the following reports to Christian Super:

  1. complaints in relation to the Superannuation Choice and/or Pension Product;
  2. any dealings outside the target market for the Superannuation Choice and/or Pension Product; and
  3. potential significant dealings.

Unless otherwise agreed with Christian Super, all reports will need to be submitted here.

Instructions

To report complaints, dealings outside the target market or potential significant dealings to Christian Super you will need to complete the following steps:

  1. download the Reporting Template. The template can be used to report complaints, dealings outside the target market or potential significant dealings;
  2. complete the Reporting Template with the relevant details for any complaint or dealing you’re reporting; and
  3. upload the completed Reporting Template using the form below (if this is a potential significant dealing, please check the relevant box before you upload the report).

 

Reporting FAQs

What am I required to report?

Authorised Distributors must report on the following information.

When am I required to report?

Authorised Distributors are required to report on complaints and dealings on a quarterly basis with reports due 10 business days after the end of the March, June, September and December Quarters.

Authorised Distributors are required to report on any dealing that may be a significant dealing as soon as practicable but no less than 10 business days after they become aware of a potential significant dealing. For the purposes of reporting, an Authorised Distributor should consider a higher than usual number of dealings outside the target market to be significant.

 

Who should I contact if I’ve got any questions about these products?

If you have any questions or please contact us.

For specific information regarding your obligations, we suggest you refer to ASIC’s guidance, or contact your relevant licensee, consultant, legal adviser, or industry body for more information.