Target Market Determination

⚠️ General Advice Warning: The information in this document is general advice only and does not consider your personal financial situation or needs. You should consider seeking independent financial advice before making any financial decisions.

Product: Xtras Health Plan Savings Scheme trading as Your Health Wallet
Issuer: Xtras Health Plan Pty Ltd (AFSL 500574, ACN 618 020 885)
ARSN: 627076411
Effective Date: 5 October 2021

Introduction

This Target Market Determination (TMD) has been prepared in accordance with section 994B of the Corporations Act 2001 (Cth). It describes the class of consumers for whom this product is likely to be consistent with their likely objectives, financial situation and needs.

Target Market

Your Health Wallet is likely to be appropriate for consumers who:

• Are Australian residents aged 18 years or over
• Want a flexible, self-directed health savings account as an alternative or supplement to private health extras insurance
• Have regular income and can commit to minimum contributions of $5 per day
• Seek to accumulate funds over time for health expenses
• Are comfortable with a managed investment scheme structure
• Do not require guaranteed returns or capital protection
• Understand that funds are invested in low-risk bank deposit products

Consumers Outside the Target Market

This product is likely NOT appropriate for consumers who:

• Require immediate access to all funds at any time
• Cannot commit to the minimum contribution of $5 per day
• Require guaranteed returns or capital protection
• Are seeking comprehensive hospital cover (this product does not replace hospital insurance)
• Are not Australian residents

Distribution Conditions

This product may be distributed through direct-to-consumer channels including the Your Health Wallet website and member portal. Distributors must take reasonable steps to ensure the product is only distributed to consumers within the target market.

Review Triggers

This TMD will be reviewed if there is a material change to the product, a significant dealing outside the target market, or a regulatory change requiring review. Scheduled review: annually.

Complaints and Reporting

Distributors must report complaints and significant dealings outside the target market to Xtras Health Plan Pty Ltd at complaints@yourhealthwallet.com.