{
 "node": "au-cm-kg",
 "door": "https://mcp.au-cm-kg.ai",
 "market": "au",
 "jurisdiction_namespace": "au-eco-10060",
 "chapter": "au.chapter.v15",
 "source": "Book of Markets mirror (allooloocmkgapex/book), read at request time",
 "kind": "book-section",
 "family": "AIO",
 "version": "au.aio.v7",
 "supersedes": "au.aio.v6",
 "book_path": "au/sections/au.aio.v7.json",
 "book_sha256": "sha256:10b568049ca66add1f1d3c6b507eafc1f0f46942bb4ca46361f5d77cfd4ba91f",
 "section": {
  "section_id": "book:au:aio",
  "family": "AIO",
  "schema": "SM-ECO-10060 canonical text v1.0 (2026-10-30) · chapter schema v0.1 (unratified) · Appendix C",
  "schema_version": "Appendix C 0.2 (TMKT-01: manufacturer_evidence_accepted)",
  "version": "au.aio.v7",
  "supersedes": "au.aio.v6",
  "market": "au",
  "node": "au-cm-kg",
  "produced_at": "2026-11-01T20:03:11Z",
  "observed": {
   "earliest_read": "2026-10-31T01:52:26Z",
   "latest_read": "2026-11-01T19:57:53Z"
  },
  "fields": [
   {
    "name": "duty_revision_ref",
    "value": "not_found",
    "read_at": "2026-10-31T02:18:42Z",
    "pages_checked": [
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-274-product-design-and-distribution-obligations",
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://www.legislation.gov.au/C2004A00818/2026-09-19/2026-09-19/text/original/pdf/4",
     "https://download.asic.gov.au/media/nv3oqcdb/attachment-to-rg274-published-10-september-2024.pdf",
     "https://www.ioof.com.au/financial-advisers/design-and-distribution-obligations",
     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes"
    ]
   },
   {
    "name": "product_scope",
    "value": [
     {
      "instrument_class": "simple corporate bonds depository interests",
      "rule": "item 1 in the table in subregulation 7.8A.03(2)",
      "covers": "simple corporate bonds depository interests",
      "cfi_categories": "DD",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T22:32:17Z"
     },
     {
      "instrument_class": "debentures of a body that is an ADI or registered under section 21 of the Life Insurance Act 1995",
      "rule": "item 2 in the table in subregulation 7.8A.03(2)",
      "covers": "debentures",
      "cfi_categories": "DB",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T22:32:17Z"
     },
     {
      "instrument_class": "basic banking product",
      "rule": "item 3 in the table in subregulation 7.8A.03(2)",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "instrument_class": "investor-directed portfolio service (‘IDPS’)",
      "rule": "item 4 in the table to subregulation 7.8A.03(2)",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "instrument_class": "custodial arrangements that are not already subject to the new regime",
      "rule": "Regulation 7.8A.03",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     }
    ],
    "read_at": "2026-10-31T22:32:37Z",
    "pages_checked": [
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.legislation.gov.au/F2001B00274/2025-03-08/2025-03-08/text/original/pdf/3"
    ],
    "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
    "source_date": "2019-09-10",
    "conflict": {
     "values": [
      {
       "object": {
        "instrument_class": "basic banking product",
        "rule": "item 3 in the table in subregulation 7.8A.03(2)",
        "covers": "a basic deposit product, a facility for making non-cash payments, a facility for providing traveller’s cheques",
        "cfi_categories": ""
       },
       "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
       "quote": "A basic banking product includes a basic deposit product (which is defined in section 761A of the Corporations Act), a facility for making non-cash payments, a facility for providing traveller’s cheques",
       "source_date": null,
       "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms that a \"basic banking product\" includes a basic deposit product, a facility for making non-cash payments, and a facility for providing traveller’s cheques, but it also ad"
      },
      {
       "object": {
        "instrument_class": "investor-directed portfolio service (IDPS)",
        "rule": "item 4 in the table to subregulation 7.8A.03(2)",
        "covers": "a financial product that consists of the rights of a retail client in connection with an investor-directed portfolio service",
        "cfi_categories": ""
       },
       "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
       "quote": "The Regulations extend the obligation to make a target market determination to a financial product that consists of the rights of a retail client in connection with an investor-directed portfolio service (‘IDPS’).",
       "source_date": null,
       "reason": "review PARTIAL: **PARTIAL**\n\nThe excerpt explicitly lists \"investor directed portfolio services (IDPSs)\" in the table under subregulation 7.8A.03(2) (item 4), confirming the product scope. However, the claimed suppor"
      }
     ],
     "reason": "objects that did not verify (each with its reason)",
     "selection_rule": "none — unresolved"
    }
   },
   {
    "name": "client_categories",
    "value": "not_found",
    "read_at": "2026-10-31T20:02:21Z",
    "pages_checked": [
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://download.asic.gov.au/media/aqhnddyy/rg121-published-17-september-2024-20260409.pdf"
    ],
    "conflict": {
     "values": [
      {
       "value": [
        {
         "identifier": "consumer",
         "criteria": "a ‘retail client’ for a financial product",
         "rule": "RG 274.5 Note 2",
         "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
         "source_date": "September 2024",
         "read_at": "2026-10-31T18:30:38Z"
        }
       ],
       "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
       "source_date": "September 2024",
       "superseded": "not read from this market's securities client-classification provisions (the securities statute or the securities regulator's rules that classify investors or clients) (BOOK-05)"
      }
     ],
     "reason": "held value superseded by a reading under the named rule",
     "selection_rule": "none — the held value is not the value"
    }
   },
   {
    "name": "target_market",
    "value": "not_found",
    "read_at": "2026-10-31T02:18:42Z",
    "pages_checked": [
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-274-product-design-and-distribution-obligations",
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://www.legislation.gov.au/C2004A00818/2026-09-19/2026-09-19/text/original/pdf/4",
     "https://download.asic.gov.au/media/nv3oqcdb/attachment-to-rg274-published-10-september-2024.pdf",
     "https://www.ioof.com.au/financial-advisers/design-and-distribution-obligations",
     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes"
    ]
   },
   {
    "name": "negative_target_market",
    "value": "not_found",
    "read_at": "2026-10-31T18:32:30Z",
    "pages_checked": [
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations"
    ]
   },
   {
    "name": "distribution_conditions",
    "value": [
     {
      "condition": "specify distribution conditions and restrictions (distribution conditions) that make it likely that the consumers who acquire the product are in the target market",
      "party": "issuer",
      "discharged_by": "target market determination (TMD)",
      "rule": "s994B(5)(c); RG 274.9–RG 274.10",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     },
     {
      "condition": "Make the TMD publicly available",
      "party": "issuer",
      "discharged_by": "TMD is available to the public free of charge",
      "rule": "s994B(9)",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     },
     {
      "condition": "Not to distribute unless a TMD has been made",
      "party": "distributor",
      "discharged_by": "reasonably believes (after making all reasonable inquiries) that a TMD has been made, or a TMD is not required",
      "rule": "s994D",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     },
     {
      "condition": "Take reasonable steps in relation to distribution",
      "party": "issuer",
      "rule": "s994E(1)",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     },
     {
      "condition": "Take reasonable steps in relation to distribution",
      "party": "distributor",
      "rule": "s994E(3)",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     }
    ],
    "read_at": "2026-10-31T20:02:21Z",
    "pages_checked": [
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://download.asic.gov.au/media/llbdpf5b/rep762-published-03-may-2023.pdf",
     "https://www.asic.gov.au/regulatory-resources/financial-services/giving-financial-product-advice/faqs-design-and-distribution-obligations-for-advice-licensees-and-financial-advisers"
    ],
    "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
    "source_date": "September 2024"
   },
   {
    "name": "required_assessments",
    "value": [
     {
      "assessment": "appropriateness requirements",
      "trigger": "preparing a TMD",
      "party": "issuer",
      "rule": "s994B(8)",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     },
     {
      "assessment": "Review the TMD",
      "trigger": "a review trigger, or an event or circumstance that reasonably suggests that the TMD is no longer appropriate, has occurred (within 10 business days)",
      "party": "issuer",
      "discharged_by": "complete and accurate records of the decisions made in relation to its TMDs, and associated reviews, including the reasons for those decisions (s994F(1))",
      "rule": "s994C",
      "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
      "source_date": "September 2024",
      "read_at": "2026-10-31T20:01:37Z"
     }
    ],
    "read_at": "2026-10-31T20:02:27Z",
    "pages_checked": [
     "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://download.asic.gov.au/media/llbdpf5b/rep762-published-03-may-2023.pdf",
     "https://www.asic.gov.au/regulatory-resources/financial-services/giving-financial-product-advice/faqs-design-and-distribution-obligations-for-advice-licensees-and-financial-advisers"
    ],
    "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
    "source_date": "September 2024",
    "conflict": {
     "values": [
      {
       "object": {
        "assessment": "review the TMD periodically",
        "trigger": "as set out in the TMD",
        "party": "issuer",
        "discharged_by": "complete and accurate records of the decisions made in relation to its TMDs, and associated reviews, including the reasons for those decisions (s994F(1))",
        "rule": "s994C"
       },
       "source_url": "https://download.asic.gov.au/media/etgm1amc/rg274-published-10-september-2024.pdf",
       "quote": "An issuer must also review the TMD periodically as set out in the TMD to ensure that it remains appropriate.",
       "source_date": "September 2024",
       "reason": "review PARTIAL: PARTIAL\n\nThe excerpt mentions the periodic review requirement (\"An issuer must also review the TMD periodically as set out in the TMD to ensure that it remains appropriate\") and the record-keeping obl"
      },
      {
       "object": {
        "assessment": "whether or not a dealing is significant",
        "trigger": "becoming aware of a dealing that is not consistent with the TMD",
        "party": "advice licensees and financial advisers",
        "discharged_by": "notify the issuer as soon as practicable (within 10 business days) (s994F(6))",
        "rule": "s994F(6); RG 274.160"
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/financial-services/giving-financial-product-advice/faqs-design-and-distribution-obligations-for-advice-licensees-and-financial-advisers",
       "quote": "‘Significant’ is not defined in the Corporations Act and whether or not a dealing is significant will need to be determined in the circumstances of each case.",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      }
     ],
     "reason": "objects that did not verify (each with its reason)",
     "selection_rule": "none — unresolved"
    }
   },
   {
    "name": "product_documentation",
    "value": "not_found",
    "read_at": "2026-10-31T18:32:39Z",
    "pages_checked": [
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations/",
     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
     "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/"
    ],
    "conflict": {
     "values": [
      {
       "object": {
        "document": "target market determination (TMD)",
        "party": "issuers",
        "rule": "prepare a publicly available target market determination (TMD)"
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "prepare a publicly available target market determination (TMD)",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      },
      {
       "object": {
        "document": "target market determination (TMD)",
        "party": "responsible entity",
        "rule": "must develop a TMD for a registered managed investment scheme; provide the TMD to all distributors of the product"
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "A responsible entity must develop a target market determination (TMD) for a registered managed investment scheme. They should provide, well in advance of 5 October 2021, the TMD to all distributors of the product.",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      },
      {
       "object": {
        "document": "Product Disclosure Statement (PDS)",
        "party": "",
        "rule": "must be prepared under Part 7.9 of the Corporations Act"
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "An example of a financial product that the design and distribution obligations generally apply to is a registered managed investment scheme for which a Product Disclosure Statement (PDS) must be prepared under Part 7.9 of the Corporations Act.",
       "source_date": null,
       "reason": "unstructured: required key(s) ['party'] not stated"
      }
     ],
     "reason": "no object verified",
     "selection_rule": "none — unresolved"
    }
   },
   {
    "name": "manufacturer_distributor_roles",
    "value": [
     {
      "actor": "operator of the IDPS",
      "role": "must make the target market determination before any person engages in retail product distribution conduct",
      "rule": "subregulation 7.8A.03(2), item 4",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "actor": "product distributor",
      "role": "authorised distributors of basic bank deposit products and risk insurance products declared regulated persons",
      "rule": "subregulation 7.8A.02(4)",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "actor": "credit licensees and credit representatives",
      "role": "regulated person",
      "rule": "paragraphs 7.8A.02(5)(a) and (b)",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     }
    ],
    "read_at": "2026-10-31T18:32:41Z",
    "pages_checked": [
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://treasury.gov.au/consultation/c2019-t408904/update-ddo-regime",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations/",
     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
     "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/"
    ],
    "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
    "source_date": "2019-09-10",
    "conflict": {
     "values": [
      {
       "object": {
        "actor": "issuers",
        "role": "notify ASIC of any significant dealings in a product that are not consistent with the TMD",
        "rule": ""
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "notify ASIC of any significant dealings in a product that are not consistent with the TMD",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      },
      {
       "object": {
        "actor": "distributors",
        "role": "not distribute a financial product unless a TMD for the product has been made; notify the issuer of any significant dealings not consistent with the TMD",
        "rule": ""
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "notify the issuer of any significant dealings in the financial product that are not consistent with the TMD",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      },
      {
       "object": {
        "actor": "responsible entity",
        "role": "must develop a target market determination (TMD) for a registered managed investment scheme",
        "rule": ""
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "A responsible entity must develop a target market determination (TMD) for a registered managed investment scheme.",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      },
      {
       "object": {
        "actor": "issuers of extended operation financial products and sellers of extended operation financial products under a regulated sale",
        "role": "must comply with the distribution obligations when engaging in retail product distribution conduct",
        "rule": "subregulation 7.8A.02(6)"
       },
       "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
       "quote": "The Regulations extend the definition of regulated person to include issuers of extended operation financial products and sellers of extended operation financial products under a regulated sale.",
       "source_date": null,
       "reason": "review PARTIAL: PARTIAL\n\nThe excerpt mentions that the definition of \"regulated person\" is extended to include issuers and sellers of extended operation financial products under a regulated sale, but it does not expl"
      }
     ],
     "reason": "objects that did not verify (each with its reason)",
     "selection_rule": "none — unresolved"
    }
   },
   {
    "name": "review_triggers",
    "value": [
     {
      "event": "review trigger relating to the occurrence of a significant dealing",
      "period_or_condition": "occurrence of a significant dealing",
      "party": "issuer",
      "rule": "final RG",
      "source_url": "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/",
      "source_date": "14 December 2020",
      "read_at": "2026-10-31T18:31:23Z"
     },
     {
      "event": "product promotion",
      "period_or_condition": "if the promotional feature will encourage people outside the target market to acquire the product and the distribution conditions are unlikely to limit distribution",
      "party": "issuer",
      "source_url": "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/",
      "source_date": "14 December 2020",
      "read_at": "2026-10-31T18:31:23Z"
     }
    ],
    "read_at": "2026-10-31T18:32:49Z",
    "pages_checked": [
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     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations/",
     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes"
    ],
    "source_url": "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/",
    "source_date": "14 December 2020",
    "conflict": {
     "values": [
      {
       "object": {
        "event": "review the TMD",
        "period_or_condition": "to ensure it remains appropriate",
        "party": "issuers",
        "rule": ""
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "review the TMD to ensure it remains appropriate",
       "source_date": null,
       "reason": "verified but undated: the source bears no date (order: source_date or not_found)"
      }
     ],
     "reason": "objects that did not verify (each with its reason)",
     "selection_rule": "none — unresolved"
    }
   },
   {
    "name": "evidence_requirements",
    "value": "not_found",
    "read_at": "2026-10-31T01:52:26Z",
    "pages_checked": [
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     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations/",
     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
     "https://advisers.zurich.com.au/resources/change-navigator/design-and-distribution-obligations",
     "https://www.aia.com.au/en/adviser/business-growth-hub/adviser-news/october-2021-regulatory-update",
     "https://www.ioof.com.au/financial-advisers/design-and-distribution-obligations",
     "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/",
     "https://www.deloitte.com/au/en/services/audit-assurance/analysis/design-distribution-obligations-product-intervention-powers.html",
     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://www.asic.gov.au/regulatory-resources/financial-services/giving-financial-product-advice/faqs-design-and-distribution-obligations-for-advice-licensees-and-financial-advisers"
    ]
   },
   {
    "name": "manufacturer_evidence_accepted",
    "read_at": "2026-11-01T19:57:53Z",
    "pages_checked": [
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     "https://www.legislation.gov.au/C2004A00818/2026-09-19/2026-09-19/text/original/pdf/4",
     "https://www.legislation.gov.au/C2004A00818/2023-10-20/text",
     "https://www.legislation.gov.au/F2001B00274/2026-09-01/2026-09-01/text/original/epub/OEBPS/document_3/document_3.html",
     "https://www.legislation.gov.au/C2004A00818/2026-07-01/2026-07-01/text/original/epub/OEBPS/document_1/document_1.html",
     "https://www.legislation.gov.au/C2004A00818/2026-07-01/2026-07-01/text/original/epub/OEBPS/document_4/document_4.html",
     "https://www.legislation.gov.au/C2004A00818/2021-07-01/2021-07-01/text/original/pdf/4"
    ],
    "value": "not_found"
   },
   {
    "name": "exceptions",
    "value": [
     {
      "exception": "interests in eligible rollover funds (ERFs)",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "defined benefit interests",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "medical indemnity insurance products",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "depository interests in foreign fully paid ordinary shares",
      "condition": "if they were offered directly to retail clients, the DDO obligations in the Act would not apply",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "bank drafts (and money orders issued by or for Australia Post)",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "credit facilities not issued in the course of a business of providing credit",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "credit provided for business purposes",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "certain ‘credit facilities’ that do not involve the provision of credit",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "credit provided by pawnbrokers",
      "condition": "excluded from the DDO regime",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "the provision of a mortgage",
      "condition": "as distinct from the credit contract secured by the mortgage",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "financial products not received in this jurisdiction",
      "condition": "that are not already excluded from the DDO",
      "provision": "Corporations Amendment (Design and Distribution Obligations) Regulations 2019",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "trading of products on secondary markets",
      "condition": "such trading behaviour does not trigger an obligation to prepare a disclosure document",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "platform operators not required to make a target market determination for financial products offered or available on their platform",
      "condition": "unless they are themselves the issuer",
      "provision": "item 4 in the table to subregulation 7.8A.03(2)",
      "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
      "source_date": "2019-09-10",
      "read_at": "2026-10-31T18:30:38Z"
     },
     {
      "exception": "exemption from personal advice for asking questions",
      "condition": "for the sole purpose of determining whether a consumer is within the target market",
      "source_url": "https://www.allens.com.au/insights-news/insights/2020/12/asic-publishes-final-version-of-regulatory-guide-on-ddo/",
      "source_date": "14 December 2020",
      "read_at": "2026-10-31T18:31:23Z"
     }
    ],
    "read_at": "2026-10-31T18:32:52Z",
    "pages_checked": [
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    ],
    "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
    "source_date": "2019-09-10",
    "conflict": {
     "values": [
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       "object": {
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        "condition": "exchange traded products (ETPs)",
        "provision": "ASIC Corporations (Design and Distribution Obligation – Exchange Traded Products) Instrument 2020/1090"
       },
       "source_url": "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
       "quote": "while issuers of ETPs must review their TMDs as necessary to ensure they remain appropriate, they will not be required to cease distributing while they carry out that review",
       "source_date": null,
       "reason": "review UNSUPPORTED: SUPPORTED, the excerpt explicitly states that issuers of ETPs are not required to cease distributing while reviewing their TMD, matching the claimed value."
      },
      {
       "object": {
        "exception": "debentures of ADIs – wholesale issuances",
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        "provision": "subsection 708(19)"
       },
       "source_url": "https://treasury.gov.au/sites/default/files/2019-09/190910_es_ddo.pdf",
       "quote": "This ensures that the obligations are not extended to wholesale issuances that do not require disclosure to investors.",
       "source_date": null,
       "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the condition (\"obligations only extended to debentures for which a disclosure document would be required under Part 6D.2 if subsection 708(19) did not apply\") and the pr"
      }
     ],
     "reason": "objects that did not verify (each with its reason)",
     "selection_rule": "none — unresolved"
    }
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     "https://www.asic.gov.au/regulatory-resources/managed-funds/design-and-distribution-obligations-for-schemes",
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     "https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-115mr-asic-calls-on-investment-product-issuers-to-lift-their-game-on-design-and-distribution-obligations",
     "https://www.asic.gov.au/regulatory-resources/financial-services/giving-financial-product-advice/faqs-design-and-distribution-obligations-for-advice-licensees-and-financial-advisers"
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     "status": 200,
     "sha256": "sha256:87be8e4bddf8b9499dde53240a2dc54c7818906fd886049ca0a5417d1affb0a9",
     "read_at": "2026-11-01T19:57:46Z",
     "last_modified": null
    },
    "https://www.legislation.gov.au/C2004A00818/2021-07-01/2021-07-01/text/original/pdf/4": {
     "status": 200,
     "sha256": "sha256:cbfce65d42c6fdd199141ab229ceafd95ab4de632f4ca5b083c11d6d0195646e",
     "read_at": "2026-11-01T19:57:46Z",
     "last_modified": null
    }
   },
   "counts": {
    "filled": 0,
    "not_found": 1,
    "conflict": 0,
    "inferred": 0,
    "kept": 0,
    "unstructured": 0
   },
   "notes": {
    "manufacturer_evidence_accepted": "0 of 4 items accepted — the regime names no manufacturer evidence on the pages read · was: not stated on the pages read"
   },
   "correction": {
    "order": "TMKT-01",
    "at": "2026-11-01T20:03:11Z",
    "of": "au.aio.v6",
    "what": "manufacturer_evidence_accepted in its §7.2 form: no item accepted on the pages read, so the field is not_found with every page checked; the reading is the one of the version superseded, not made again"
   }
  }
 },
 "signature": {
  "alg": "EdDSA",
  "kid": "allooloo-eco-2026-10",
  "protected": "eyJhbGciOiJFZERTQSIsImtpZCI6ImFsbG9vbG9vLWVjby0yMDI2LTEwIn0",
  "signature": "Juj4Cz4hxLDvZNe_4OJOhBXhJdZT0MCTVTg6d_9HhJl7wSbpAOQ_7NybuY094EPPu_t5SM9G-q-_r-MzD9S5CA",
  "jwks": "https://mcp.au-cm-kg.ai/.well-known/jwks.json",
  "over": "base64url(protected) + '.' + base64url(canonical JSON of the file without signature: keys sorted, compact)"
 }
}