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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Posted 22nd March 2011 by admin in Corporations Act, Financial Services, Superannuation, Web/Tech