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INTRODUCTION
This Target Market Determination (TMD) has been prepared by Flash Money Pty Ltd with Australian Credit Licence 508661.
This document is intended to comply with our obligations under the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, which requires the determination of a target market for our products, and associated purposes. It will give the consumer assistance in determining whether the product is aimed at them, whilst at the same time allowing us to gauge whether the products are meeting their intended market. This document is called the Target Market Determination, hereinafter referred to as “TMD.
This document aims to give consumers and, where appropriate, distributors, an understanding of the target consumer group for which the product is designed. It considers the objectives, needs, and financial situation of those within the target market.
This TMD is not intended to replace other documents related to our products that outline the terms and conditions upon which you should rely when deciding whether to apply for the product. This includes but is not limited to, the contract document that will be sent to you before you enter into an agreement with us.
PRODUCT
The product to which the TMD relates is the SMALL AMOUNT CREDIT CONTRACT (“SACC”) and the MEDIUM AMOUNT CREDIT CONTRACT (“MACC”) offered by us, as those terms are defined in section 5 of the National Consumer Credit Protection Act 2009, and schedule 1 of the National Consumer Credit Protection Act 2009 that is, loans in which:
For SACC:
- the amount borrowed is less than $2000, and
- the loan period is no longer than 1 year and
- the principal borrowed along with fixed credit charges – An establishment fee of 20% of the Amount Financed and a Monthly fee of 4% of the Amount Financed per month, are repaid in equal instalments.
For MACC:
- the amount borrowed is between $2,001 and $5,000 and
- the loan period is between 16 days and 2 years and
- a one-off establishment fee not exceeding $400 and a maximum annual interest rate of 48%
TARGET MARKET
SACCs and MACC’s have been designed for consumers who:
- need a loan of an amount between $300.00 and $5,000.00 for any legal personal purpose;
- have a regular income,
- have an acceptable credit history;
- need a rapid response to the loan application;
- are not in financial hardship,
- have the legal capacity to enter into a loan agreement, and
- have the financial capacity to make the principal repayments, fees and interest in instalments over the short term which is no longer than 12 months
These are regarded as the key attributes of the loan.
CONDITIONS AND RESTRICTIONS ON SUPPLY
We will not supply a SACC or a MACC to any consumer:
- who is not of legal capacity (either by age or mental or other disability);
- who is in financial hardship (or who in our opinion is likely to be so within the foreseeable future);
- who does not presently have the capacity to repay the loan within the expected loan length, or
- where the loan, if provided, would not meet the consumer’s requirements or objectives.
HOW WILL WE KNOW IF THE PRODUCT IS NOT MEETING THE TARGET?
Based on the description of the target market above, we believe it is unlikely that the product will fail to meet the target market. Nevertheless, we will monitor the consumers who access the loans to ensure that the majority fall within the target market. If they do not, we will review the product and adjust its key attributes to better align with the target market.
DISTRIBUTION
The method of distribution to consumers will be directly through us, the credit provider. Access to our products will primarily be available via our website or by direct contact with us. We do not use authorized representatives or agents for distribution purposes
REVIEW
We will review this TMD on the occurrence of any of the following triggering events
- on there being a relevant amendment to the National Consumer Credit Protection Act or any associated Act or Regulation which has the effect of significantly altering the rules relating to the provision of SACCs or MACCs
- on the occurrence of a “significant dealing”. We will consider whether there has been a significant dealing:
- where a significant proportion of consumers who take out a SACC or a MACC are not in the target market;
- there is actual or potential harm to those consumers who access to product and are not in the target market;
- the extent to which the income gained from those outside the target market is different to those within the target market
- the period of time over which those outside the target market took out SACCs or MACCs
- on the occurrence of any of the following events:
- the number of complaints to AFCA in relation to SACCs or MACCs exceeding 0.5% of the number of SACCs or MACCs entered into in any calendar month,
- the number of internal complaints made by consumers in relation to SACCs or MACCs exceeding 1% of the number of SACCs or MACCs entered into in any calendar month,
- the receipt of more than one letter from ASIC or any regulator in relation to the method of the provision of SACCs or MACCs in any calendar month.
- on or about the 31st October, being the yearly anniversary of the TMD
- if there is no other triggering event, each two years from the last review.
A triggering event will require the review to be undertaken within one month.
REPORTING
As noted above, we do not use distributors in the provision of SACCs or MACCs to consumers. As a result, whilst the law requires a TMD to set out what information must be provided by distributors to us, in our view, this is not necessary. The TMD will be revisited if we commence the distribution
Target Market Determination Small & Medium Amount Credit Contracts
Flash Money Pty Ltd (ACN 619 737 656) is the Issuer of Small and Medium Amount Credit Contracts to Australian residents and holds Australian Credit Licensee 508661.
Consumers wishing to apply for a loan should refer to the Credit Guide available on our website and to the Terms and Conditions of our loan products.
1. About this Target Market Determination (TMD)
This TMD describes the Target Market for the Flash Money Personal Loan products. It sets out the overall class of consumers that are likely to be suited to Flash Money’s Personal Loans products based on consumer needs and the key features of the product.
This TMD is not a summary of the product features or terms of the product and does not take into account any individual’s objectives, financial situation or needs and is not personal financial advice.
In addition, the TMD outlines the circumstances that may trigger a review of the target market by Flash Money.
2. Target Market
The target market for this product
Flash Money’s Loan products are designed for the following class of consumers:
- Australian resident Individuals over the age of 18 years requiring loans for personal purpose,
- Consumers who can qualify for loans that are for amounts of between $200 and $2,000 with a maximum term of up to 1 year (Small Amount Loan). or
- Consumers who can qualify for loans that are for amounts of between $2,001 and $5,000 with a maximum term of up to 2 years (Medium Amount Loan),
- Consumers with regular after-tax income of greater than $1,200 per month and can make consistent loan repayments,
- Consumers requiring a fixed loan repayments over a specified period,
- Consumers with the financial capacity to make the principal repayments, fees and interest in installments over the short term.
Flash Money’s Loan products are unlikely to be suitable for Consumers:
- who gamble excessively,
- seeking to borrow money to meet existing loan repayments, or
- currently under a Part IX Debt Agreement.
3. Intended Consumer Use for this Product
Flash Money’s Personal Loans are likely to be appropriate for a consumer who intends to use the product to:
- cover unexpected expenses,
- meet a temporary cash shortfall,
- pay short term bills,
- cover the costs of discretionary products and services now that can be paid for, via installments later.
4. Product attributes
Based on the key product features, consumers wanting a personal loan with the following needs and financial situation are likely to be within the Target Market for this product.
| Intended Use of Loan | Small | Medium | Product Attributes |
|---|---|---|---|
| Consumable Products |  | | Small and Medium Amount loans are designed for Consumers wishing to acquire consumable goods, services or larger discretionary expenditure items. |
| Services | | | Small and Medium Amount loans are designed for Consumers wishing to acquire consumable goods, services or larger discretionary expenditure items. |
| Durable Goods Tangible products with expected life of over 2 years | |  | Small and Medium Amount loans are designed for Consumers wishing to acquire consumable goods, services or larger discretionary expenditure items. |
| Refinancing existing Loans | | | Refinancing of loans from other credit providers. |
| Loan Amount | Small | Medium | |
|---|---|---|---|
| Small (<$2,000) | | | Loans are for amounts between $200 and $5,000 |
| Medium ($2,001 – $5,000) | | | Loans are for amounts between $200 and $5,000 |
| Greater than $5,000 | | | Loans are for amounts between $200 and $5,000 |
| Loan Term | Small | Medium |
|---|---|---|
| Short Term ≤ 15 days | | |
| Medium Term < 2 years | | |
| Greater than 2 years | | |
| Repayments | Small | Medium |
|---|---|---|
| Weekly Repayments | | |
| Fortnightly Repayments | | |
| Monthly Repayments | | |
| Loan Fees & Costs | Small | Medium | |
|---|---|---|---|
| Establishment Fee | 20% of Loan | $400 | Monthly Loan Amount Interest is Annual Percentage Rate. Different loan amounts, changes to the term of the loan and the inclusion of dishonour fees will result in a slightly different rate. |
| Monthly Fee | 4% of Loan | | Monthly Loan Amount Interest is Annual Percentage Rate. Different loan amounts, changes to the term of the loan and the inclusion of dishonour fees will result in a slightly different rate. |
| Dishonor Fee | $20 | $20 | Monthly Loan Amount Interest is Annual Percentage Rate. Different loan amounts, changes to the term of the loan and the inclusion of dishonour fees will result in a slightly different rate. |
5. Consumer attributes
| Types of Consumers | Indicator | Target Market |
|---|---|---|
| Individual | | Available to individuals over the age of 18 years. |
| Sole Traders | | Not avaialbe to sole trasfer for business purpose |
| Business | | Not available to Registered Companies |
| Lending History | Indicator | Target Market |
|---|---|---|
| Total Repayments on loans of $2,000 or less > 10% of Net Income | | Under the National Credit Code, the issuer is not permitted to issue a Small Amount Credit Contract if these conditions are met. |
| Employment & Financial Situation | ||
|---|---|---|
| Full-time Employment | | Loans are designed for those Consumers in a range of financial circumstances. |
| Part-time or Casual Employment | | |
| Regular Income | | All Consumers, however, must have the financial capacity to make the principal repayments, pay fees and interest. |
| Solely dependent on Govt Income Support | | If the sole source of income is from Centrelink benefits such as Jobseeker, Crisis Payments or Special Benefits it is possible a loan may be approved. |
6. Distribution
Distribution Channels
Flash Money’s Loan Products can only be acquired by making a Loan Application directly to Flash Money through our website.
Consumers may be referred to Flash Money by an approved Australian Credit Licensee.
No third-parties are authorised by the Issuer to produce advertising, promotional or other material in relation to this product without the Issuer’s prior written consent.
Distribution Conditions & Restrictions
We consider the means of distribution identified for this product to be appropriate.
The distribution conditions and restrictions summarised below seek to ensure that Consumers who acquire Flash Money’s Credit Contracts are likely to be with in the Target Market for this product.
Australian Credit Licensees are approved on the basis of their access to the Target Market Consumer.
To be referred to Flash Money by an approved Australian Credit Licensee, the Consumer:
- must satisfy predefined eligibility criteria,
- satisfy suitability criteria, provided to the referrer by Flash Money.
Flash Money’s Personal Loan Products are restricted on the basis of:
- age,
- employment and income status,
- financial capacity to meet principal repayments, fees and interest,
- commercial assessment of the Consumer’s credit risk.
7. Review triggers
A review of this TMD will be triggered if the Issuer:
- makes a significant change to the key attributes of its products which affects the class of consumers targeted,
- determines that the performance of the product has or is likely to vary significantly from the attributes set out in this document,
- receives, in respect of a calendar quarter, 10% increase in complaints or hardship cases in relation to the design or distribution of this product from consumers or a 10% increase in debtor account numbers,
- identifies a significant dealing that is inconsistent with this TMD,
- is notified by ASIC of serious concerns about the design or distribution of this product, or
- commits a significant breach which relates to the design or distribution of this product.
8. Review periods
This TMD will be reviewed:
- At least every 12 months.
- As required, where a Review Trigger (see section 7) occurs, or where some other event or circumstance occurs that reasonably suggests to the Issuer that this TMD is no longer appropriate.
- When the Issuer otherwise decides to undertake a review. The maximum period between the commencement and finalisation of the review will be ten (10) business days.
| Contact Us | ||
|---|---|---|
| Call | 02 8311 8884 | |
| Email | ||
| Web | ||
| Mail | PO Box 352, Lidcombe NSW 1825 | |
This TMD was issued in Nov 2025 by Flash Money Pty Ltd (ACN 619 737 656 ) (ACL 508661), and may contain general financial advice that does not take into account your personal objectives, situation or needs.