---
title: "Distributor’s design and distribution reports to the issuer: significant dealing notice, complaints report and periodic report"
url: "https://ailawframework.com/precedents/financial-services-regulation/distributor-ddo-reporting-and-significant-dealing-notice"
type: "precedent"
site: "AI Law Framework"
id: "a28-distributor-ddo-reporting-and-significant-dealing-notice"
area_id: "A28"
kind: "notice"
ai_level: "yellow"
version: 1
task_ids: ["A28-X20260927-7"]
law_stated_as_at: "2026-10-18"
---

# 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…

Canonical page: https://ailawframework.com/precedents/financial-services-regulation/distributor-ddo-reporting-and-significant-dealing-notice  
Law stated as at: 2026-10-18

Site index for agents: https://ailawframework.com/llms.txt

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.

## Key facts

- Kind: Notice. A formal notice to serve or publish.
- Practice area: [Financial Services Regulation](https://ailawframework.com/precedents/financial-services-regulation.md)
- Jurisdictions: Australia
- AI level: Yellow. AI can help in set ways. A lawyer checks specific points before use.
- Law stated as at: 2026-10-18
- Status: Maintained. Checked on 2026-10-18 against the 3 authorities it cites, for Australia.

## 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.

## Used for these tasks

- [Set the distributor's reporting schedule and significant-dealing triggers](https://ailawframework.com/practice/financial-services-regulation.md#A28-X20260927-7)

## 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

## Authorities

- [Corporations Act 2001 (Cth) s 994F(3) (distributor to collect and keep complete and accurate records of complaints and other matters)](https://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s994f.html)
- [Corporations Act 2001 (Cth) s 994F(4) and (5) (complaints and other information specified in the TMD to be reported to the issuer as soon as practicable and within 10 business days after the end of the reporting period)](https://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s994f.html)
- [Corporations Act 2001 (Cth) s 994F(6) (report a significant dealing not consistent with the TMD to the issuer as soon as practicable and within 10 business days of becoming aware; offence and civil penalty provision)](https://classic.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s994f.html)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/financial-services-regulation/distributor-ddo-reporting-and-significant-dealing-notice and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*