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March 22, 2011

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