Online generic financial calculators

One of the most popular features on financial websites is the calculator.

Providers of calculators and website owners need to be aware of ASIC’s Class Order [CO 05/1122] which gives relief from the usual licensing, conduct and disclosure requirements provided certain assumptions are disclosed. These are discussed in IR 05-64.

ASIC itself has now provided a range of generic calculators on its new MoneySmart website here.

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