1. Target Market Determination – Easy Access Visa Debit Card
The Easy Access Visa debit card (Visa Debit Card) is a financial product for the purposes of the design and distribution obligations set out in Part 7.8A of the Corporations Act 2001 Cth).
The purpose of this Target Market Determination is to provide consumers information about the Visa Debit Card’s key attributes, the target market for the card, and the distribution and monitoring arrangements between the issuer, Indue Ltd ABN 97 087 822 464, AFSL 320204 (“Indue”) and the distributor Mortgage House.
References to Mortgage House is inclusive:
- Mortgage House Capital Funding No. 1 Pty Ltd ABN 99 603 910 210
This document is not to be treated as a full summary of the product’s terms and conditions and is not intended to provide financial advice. You should refer to the Terms and Conditions of the Visa Debit Card available:
https://mortgagehouse.com.au/visaaccescard/
Date from which this Target Market Determination is effective 29 August 2025
2. Target Market
The information below summarises the overall class of consumers that fall within the target market for the Visa Debit Card, based on the product key attributes and the objectives, financial situation and needs that it has been designed to meet.
a) Class of consumers that fall within the target market
The Visa Debit Card is for those who have an eligible loan product from Mortgage House and are looking for a way to access money from their loan product account or the offset account., which is an offset sub-account of the loan product account using a variety of methods. The Visa Debit Card is not offered as a standalone product.
b) Description of the Visa Debit Card and its key attributes
The key attributes of the Visa Debit Card are that:
- It can be used to access money from an offset subset account of the loan product; and
- can be used at any merchant that accepts Visa.
Fees and charges apply. Please refer to the terms and conditions of the card.
c) Excluded class of consumers
The Visa Debit Card has not been designed for anyone who does not have eligible loan product from Mortgage House.
d) Consistency between target market and Likely objectives, financial situation and needs
The Visa Debit Card is likely to be consistent with the likely objectives, financial situation and needs of consumers in the target market as:
- It can only be linked to an eligible loan product from Mortgage House;
- identification and verification checks are undertaken on the cardholder by Mortgage House; and
- the Visa Debit Card has controls in place to ensure it can only be used to purchase items up to a total value of $5,000 per day.
3. Distribution Conditions and Restrictions
a) Distribution channels
The Debit Card is designed to be distributed to consumers through the following means:
- Mortgage House accredited mortgage brokers subject to Best Interests Duty and related obligations (Third Party Channel); and
- Directly via Mortgage House employees (Direct Channel).
b) The Debit Card can only be distributed to individuals who
- have an eligible loan product from Mortgage House;
- successfully pass the identification and verification checks put in place by Mortgage House; and
- who have elected to link the Debit Card to their loan product.
c) Adequacy of distribution conditions and restrictions
Given the requirement that the cardholder must have an eligible loan product with Mortgage House and elect to link the Debit Card to the loan product, the distribution conditions and restrictions will make it likely that consumers who purchase the product are in the class of consumers for which it has been designed.
4. Reviewing this Target Market Determination
We will review this Target Market Determination in accordance with the below:
| Initial review | Within 6 months of the effective date. |
|---|---|
| Periodic reviews | At least every 1 year from the initial review. |
| Review triggers or events | Any event or circumstances arise that would suggest the Target Market Determination is no longer appropriate. This may include (but not limited):
|
Where a review trigger has occurred, this target market determination will be reviewed within 10 business days.
5. Reporting and monitoring this Target Market Determination
We will collect the following information from our distributors in relation to this Target Market Determination:
| Complaints | Distributors will report all complaints in relation to the product(s) covered by this Target Market Determination on a monthly basis. This will include written details of the complaints. |
|---|---|
| Significant dealings | Distributors will report if they become aware of a significant dealing in relation to this Target Market Determination within 10 business days. |