Notice · Financial Services Regulation
Distributor’s design and distribution reports to the issuer: significant dealing notice, complaints report and periodic report
Templates and a reporting schedule for a distributor of a financial product with a target market determination: the 10-business-day significant dealing notice, the complaints report, and the periodic report of information the TMD requires, with the records the distributor must keep.
- Kind
- Notice. A formal notice to serve or publish.
- Where it applies
- Australia
- AI use
- Yellow AI can help in set ways. A lawyer checks specific points before use.
- Law stated as at
- 18 October 2026
- Status
- Maintained. Checked on 18 October 2026 against the 3 authorities it cites, for Australia.
- Version
- 1
- Source
- Written for this library
When to use it
Use by a licensee, platform, adviser group or other regulated person that engages in retail product distribution conduct for a product with a TMD, to meet its reporting duties to the issuer. Issuers can give it to distributors as their required reporting format.
How AI may be used
AI may compile complaint counts and sales data into the reports and flag dealings outside the target market for review, but a compliance officer decides whether a dealing is significant and inconsistent with the TMD and signs off each report.
AI may
- Build the reporting schedule from each TMD’s reporting periods and the 10-business-day deadlines
- Count complaints about each product for the period from the complaints register and fill the complaints report
- Flag sales or holdings that fall outside the target market attributes in the TMD for a compliance officer to assess
AI must not
- Must not decide whether a dealing is a significant dealing or is inconsistent with the TMD
- Must not send a report to an issuer without sign-off
- Must not include clients’ personal information in a report unless the TMD or the issuer requires it and the privacy basis has been checked
The lawyer checks
- Each product’s TMD has been read for its reporting periods, the kinds of information required and the distributor’s specific obligations
- The significant dealing assessment is documented, and any notice is sent within 10 business days of becoming aware
- Complaints reports state the number of complaints (or that none were received) for every reporting period, including nil periods
- Records under s 994F(3) are complete and kept in a form that can be produced to ASIC
Method: how the Green, Yellow and Red levels are decided. This is guidance for planning, not legal advice.
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The summary, the law it rests on and the AI-use guidance above stay public. Privacy.
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