The Australian Securities & Investments Commission has opened consultation on remaking its legislative relief for providers of generic financial calculators, as the current instrument is scheduled to sunset on 1 April 2026. The proposal would preserve relief from certain Corporations Act licensing requirements and related obligations, while making targeted amendments. The remake would amend subsection 5(2) to make the drafting simpler and more consistent with the reportable situations regime, and would introduce minor changes to streamline the instrument. The relief covers calculators that provide general numerical calculations about a financial product that is not a superannuation product, without advertising or promoting a specific product, and exempts providers from the need to hold an Australian financial services licence with an advice authorisation or, for licensees, from Divisions 2, 3 and 4 of Part 7.7 conduct and disclosure requirements for that advice. Feedback on the draft instrument (CS 34) is due by 5pm AEDT on 1 December 2025.

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