INFO 185
Using ASIC's reverse mortgage calculator
This is Information Sheet 185 (INFO 185). It outlines how credit licensees should use the reverse mortgage calculator on ASIC's Moneysmart website.
In plain English
INFO 185 explains how credit licensees should use ASIC's reverse mortgage calculator on Moneysmart.
INFO 185 applies to credit licensees. It details how to use ASIC’s reverse mortgage calculator. The calculator helps licensees assess borrowers’ ability to repay. It supports responsible lending obligations. This information sheet was last updated by ASIC.
Why it matters
Using the calculator correctly helps credit licensees meet their responsible lending obligations. This reduces the risk of borrower hardship and potential compliance issues.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/credit/responsible-lending/using-asic-s-reverse-mortgage-calculator/. Rules Mate indexes + summarises; always verify against the regulator's live publication.