This form should be completed if you become aware of a significant dealing. A significant dealing is a dealing to your customers outside of the Target Market Determination (TMD) for a product. A 'significant dealing' will be determined by the circumstances of each case, but generally regard should be given to:
- the proportion of consumers purchasing the product who are not in the target market;
- the actual or potential harm to those consumers;
- the nature and extent of the inconsistency of distribution with the TMD; and
- current ASIC guidelines when determining what may constitute a significant dealing.
A TMD helps you understand the class of customers an insurance policy has been designed for, considering their needs, objectives and financial situations.
Brokers have the responsibility for ensuring a product is only offered to appropriate customers and if it isn't, this form should be completed to record the details.
For any question regarding clarification around Significant Dealing Notification (PDDO) or Target Market Determination (TMD) for a product, please contact the Gold Seal Team.
- Locate the form by clicking on 'Click for all Broker Forms' in your 'My Favourites' widget.
- Click on the 'Complete' button for the Significant Dealing Notification (PDDO).
- The approval process will display, click 'Next'
- Complete all the fields.
- Select the appropriate 'Status'.
- Draft - if you have started working on the form, however not completed it. The form will be saved and can be found in your 'To Do' widget on your Dashboard.
- Active - you have completed the form.
- Click on the Submit button to save the form.
If you answer a question incorrectly and a form is generated in error, you can request to have this deleted.
Please contact your CCX360 Administrator providing them with the:
- Form Name e.g. Significant Dealing Notification (PDDO)
- Form ID number - see below for location of the ID number
- Reason for deletion - Generated in error.