Target Market Determination (TMD) Little Money Contract

This Target Market Determination (TMD) has been prepared by Mobile Business Devices Pty Ltd ACN 602 368 945 (Us, We, Our) in compliance with our Design and Distribution Obligations under Part 7.8A of the Corporations Act 2001 (DDOs). It applies to the One Click Life Little Money product.

This TMD should be read in conjunction with and is governed by the One Click Life Terms and Conditions and Advance Contract.

Date from which this TMD is effective: 30 May 2025.

The Target Market for Our Product

The Target Market of our product is consumers who:

1. need amounts of $500 to assist in managing their cash flow paying for unforeseen expenses, ongoing life expenses or discretionary spend.
2. Do not desire long or medium loan terms but do want a short term advance.
3. are not experiencing financial hardship.
4. want contracts which are clear and easy to understand.
5. are seeking a low cost, fixed fee, non-revolving advance.
6. are over 18 years of age.
7. want easy access to customer services to discuss payments, hardship and terms of the contract.
8. want the funds quickly.
9. want the money advance application process to be simple, online, and quick.

The Key attributes of Our Product

The key attributes of our product are:

1. Money advance amounts are $500.
2. Term is 4 weeks.
3. One establishment charge of $25.
4. A choice of weekly or fortnightly repayments.
5. Transparent, legible and easily understood contract documents.
6. Ready access to customer services.
7. Fast on-line application and approval process available through a web app.

The Key attributes of Our Product meet the Target Market

The key attributes of our product meet the needs, objectives and financial situations of consumers in its target market because:

1. our product:
   1. provides easy access short term credit for consumers for to assist them in paying expenses and managing their cash flow.
   2. loan amounts are closely related to the amounts required by the target market consumers in their loan applications.
   3. short terms match the consumers’ needs, requirements and objectives, and financial situation.
2. repayments on our product are affordable for the consumer without hardship.
3. repayments can be deferred to manage unforeseen circumstances. Requests can be made in line with One Click Life’s Hardship Policy.
4. the application process is online by a web app and can be completed quickly.
5. our contract documents are short, legible, and easy to understand.
6. we provide ready access to online and telephone customer service.
7. historical data shows that this product has:
   1. low Default rates.
   2. few customer complaints.

and these are within an acceptable range and indicate that the product is suitable for the target market and is meeting the customer needs, objectives, requirements and financial situations.

Distribution Channels and Conditions

All our Distribution channels present the product appropriately to consumers as follows:

1. Our website and web app contain:
   1. No misleading information
   2. An easy-to-follow application process during which the consumer is given informed choices at every stage.
2. All third-party referrers are:
   1. vetted before being allowed to present our product.
   2. subject to regular monitoring.
   3. required to enter into referral agreements with us.
3. We do not make any unsolicited offers of credit.
4. Our television, billboard and social media advertisements contain no misleading information and are in plain easily understood language.
5. We have adopted the following Voluntary Distribution Conditions to ensure that our product is distributed appropriately to its target market:
   1. No loans to any customer whose majority source of income is Centrelink Benefits only (over 20%).
   2. Customer earns a minimum of $400/week.
   3. Is at least 18 years of age.
   4. Customer must be a tax customer (linked to the Our tax agents number) and will remain so for the life of the contract.
   5. Australian residents.
6. All our products are distributed in compliance with our voluntary responsible lending conditions.

Review Triggers

We will review this TMD if the following occurs in relation to this product:

1. The number of defaults in a 3-month period increases by 20%.
2. The number of complaints from approved customers in a 3-month period increases by 20%.
3. Material change to the key attributes of the product.
4. Material change to the distribution of the product.
5. Material change to the credit assessment process.
6. Material change to the regulatory framework governing the product.
7. Material change to the digital identity process.
8. Changes to economic conditions which may impact the product.

The Company will collect, assess, and review data in relation to a. and b. every month. The Company will review this TMD where a trigger point has occurred.

We will also respond to external sources such as:

1. ASIC.
2. Community based consumer organisations.

If any of the above Trigger Events occur, this will trigger a review as if it were a Periodic Review as below.

Periodic Scheduled Reviews

1. We will conduct quarterly periodic reviews whether or not a trigger event has occurred in the previous quarter.
2. The Company will conduct all reviews of this TMD.
3. The Company will report to our board within two weeks of conducting a review as to:
   1. Whether any trigger events have occurred.
   2. What factors may have caused these trigger events to occur including external factors not related to the design and distribution of our product.
   3. Which of the follow actions we should take:

1. No change if all of our DDOs as published above are being met.
2. The product needs a redesign.
3. A new distribution condition is required; or
4. The product must cease to be offered.