ASIC has remade a legislative instrument, which gives relief to providers of generic financial calculators from certain licensing requirements under the Corporations Act 2001 (Corporations Act).
ASIC Corporations (Generic Calculators) Instrument 2026/41 (ASIC Instrument 2026/41) continues relief provided under ASIC Corporations (Generic Calculators) Instrument 2016/207 (ASIC Instrument 2016/207) until 1 April 2031.
We have determined that the instrument is operating effectively and efficiently and continues to form a useful part of the legislative framework.
ASIC will also make minor amendments to RG 167 AFS licensing: Discretionary powers, RG 276: Superannuation forecasts: Calculators and retirement estimates and INFO 248: Enhanced regulatory sandbox in April 2026.
Background
We consulted on a proposal to remake the relief in ASIC Instrument 2016/207 (CS 34 Proposed remake of generic financial calculators instrument).
ASIC Instrument 2026/41 gives relief to providers of generic financial calculators from the requirement to hold a Australian financial services licence with an advice authorisation. Alternatively, where they hold a licence, relief is given from the conduct and disclosure requirements in Divisions 2, 3 and 4 of Part 7.7 of the Corporations Act.
Generic financial calculators can be a useful and accessible tool to assist consumers better understand their own financial situation or financial products they are considering. These can be used to make a general numerical calculation about a financial product (that is not a superannuation product), without advertising or promoting the specific product.
Related Links
- ASIC Corporations (Generic Calculators) Instrument 2026/41
- ASIC proposes to remake ‘sunsetting’ legislative instrument about generic financial calculators (3 November 2025)
- CS 34 Proposed remake of generic financial calculators instrument
ASIC is Australia’s corporate, markets and financial services regulator.