ASIC Remakes Relief Instrument for Generic Financial Calculators

ASIC News & Regulatory Updates

Published April 1st, 2026

Detected March 26th, 2026

Summary

ASIC has remade the ASIC Corporations (Generic Calculators) Instrument 2026/41, extending relief for providers of generic financial calculators from certain licensing requirements until April 1, 2031. This instrument continues relief previously provided under ASIC Instrument 2016/207, which allows calculators to assist consumers in understanding financial products without requiring an Australian financial services licence with advice authorisation.

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What changed

ASIC has remade the ASIC Corporations (Generic Calculators) Instrument 2026/41, which provides relief to providers of generic financial calculators from specific Australian financial services licensing requirements under the Corporations Act 2001. This new instrument extends the relief provided by the previous ASIC Instrument 2016/207 until April 1, 2031. The relief allows providers to offer calculators that perform general numerical calculations for financial products (excluding superannuation) without needing an advice authorisation, or if licensed, from certain conduct and disclosure requirements.

This action is a routine remaking of a legislative instrument that ASIC has determined is operating effectively. While the core relief is continued, minor amendments will also be made to related regulatory guides (RG 167, RG 276) and an information sheet (INFO 248) in April 2026. No immediate action is required by providers as the relief is being continued, but they should note the new instrument's identifier and expiry date. The previous consultation on this proposal (CS 34) indicates ASIC's intent to maintain this framework.

What to do next

Note the new ASIC Corporations (Generic Calculators) Instrument 2026/41 and its expiry date of April 1, 2031.

Source document (simplified)

Newsroom

Print Share 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.