ASIC Corporations (Generic Calculators) Instrument 2016/207 (Cth)

ASIC Corporations (Generic Calculators) Instrument 2016/207

About this compilation

Compilation No. 5

This is a compilation of ASIC Corporations (Generic Calculators) Instrument 2016/207 as in force on 1 January 2023. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Part 1—Preliminary 1 Name of legislative instrument 3 Authority 4 Definitions Part 2—Exemption 5 Exemption for providers of financial calculators 6 Conditions Endnotes Endnote 1—Instrument history Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument This instrument is ASIC Corporations (Generic Calculators) Instrument 2016/207.

3 Authority This instrument is made under paragraphs 926A(2)(a) and 951B(1)(a) of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001. assumptions means the factors (which may be changed by the user) that are applied by a financial calculator in working out the estimate. estimate means the result of a numerical calculation performed by a financial calculator. financial calculator means a facility, device, table or other thing used to make a numerical calculation or find out the result of a numerical calculation relating to a financial product, other than a superannuation calculator. Note: The facility, device, table or other thing will not be a financial calculator to the extent that its output goes beyond the numerical result of a calculation and a description of what that result is. For example, an electronic facility will not be a financial calculator to the extent that it makes a recommendation about a particular financial product.