Distributor Reporting

Distributors are required under section 994B(5)(g) and (h) of the Corporations Act 2001 (Cth) (the Act) to report to Morningstar. If practicable, distributors should adopt the FSC data standards for reports to Morningstar.

For queries on the distributor reporting requirements, methods, and deadlines, please contact Morningstar at [email protected].

Complaints

Complaints (as defined in section 994(1) of the Corporations Act 2001 (Cth) (the Act) relating to the product design, product availability and distribution.

Distributors should provide the details of any complaint received, having regard to privacy, within 10 business days following the end of each calendar quarter (March, June, September & December).

Please complete this Complaint Report Template and email to Morningstar at [email protected].

Significant dealing outside of target market

Section 994F(6) of the Corporations Act 2001 (Cth) (the Act) requires distributors to notify Morningstar if they become aware of a significant dealing in the product that is inconsistent with the Target Market Determination (TMD). Neither the Act nor ASIC defines when a dealing is ‘significant’ and distributors have discretion to apply its ordinary meaning.

Distributors should provide all the contents of this significant dealing outside of target market to Morningstar as soon as practicable but no later than 10 business days after they become aware of the significant dealing by completing the below form:

Other dealings outside the target market

To the extent a distributor is aware, dealings outside the target market, including reason why acquisition is outside of target market, and whether acquisition occurred under personal advice, should notify Morningstar within 10 business days following end of the calendar quarter (March, June, September & December) by completing the below form:

Distributor name

Distributor type

Distributor AFSL

Distributor email

Is this a single bulk transaction (for bulk switches/rebalances, i.e. the same product across multiple client portfolios)

How many dealings within the bulk dealing were outside the target market determination? (only complete if previous response is 'Y')

Is this dealing an excluded dealing due to personal advice exemption?

Is this dealing outside of target market determination?

If previous response is 'Y', explain the attributes for which the investor is outside the target market (should be answered to the extent the distributor is aware of the relevant attributes).

If this specific (or bulk) dealing is outside target market, why did dealing proceed despite this?
Investment product in diversified portfolioDistributor assesses product as suitable for investor’s objectives, financial situation and needs, despite target market determinationInvestor was assessed to be outside target market after dealing occurredDistributor considers risk of investor harm to be lowOther

If previous response is 'Other', provide rationale for dealing.

If previous response is answered, provide the date this dealing occurred.

If previous response is answered, provide the dollar value of this dealing.

If previous response is answered, provide the number of units, shares etc involved in dealing.

Design & Distribution Obligations (DDO)

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Target Market Determination

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