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Australian_Securities_and_Investments_Commission

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Australian Securities and Investments Commission

Australian Securities and Investments Commission
Australian Securities and Investments Commission

Type Founded Headquarters Employees Website

Statutory authority January 1, 1991 Sydney, Australia 1,471 www.asic.gov.au

into being on 1 January 1991 in accordance with the ASIC Act 1989. The purpose of ASC was to unify corporate regulators around Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices of the states and territories. The corporate regulator became the Australian Securities & Investments Commission (ASIC) on 1 July 1998, when it also became responsible for consumer protection in superannuation, insurance, deposit taking and, from 2002, credit.

The Australian Securities & Investments Commission (ASIC) is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.

See also
• Australian Accounting Standards Board • Australian Prudential Regulation Authority • Australian Registered Scheme Number

References
• ASIC (11 April 2005). "ASIC at a glance". Retrieved 16 April 2005. • ASIC (1 February 2005). "The laws ASIC administers". Retrieved 16 April 2005.

Related legislation
ASIC administers the following legislation (or relevant parts of it), as well as relevant regulations made under it: • Corporations Act 2001 • Australian Securities and Investments Commission Act 2001 • Insurance Contracts Act 1984

External links
• Australian Securities & Investments Commission • Fido - Consumer website of Australian Securities & Investments Commission

History
ASIC was originally formed as the Australian Securities Commission (ASC), which came

Retrieved from an_Securities_and_Investments_Commission"

"http://en.wikipedia.org/wiki/Australi-

Categories: Financial regulation, Financial regulatory authorities, Federal law enforcement agencies of Australia, Government entities of Australia, Australian Securities Exchange This page was last modified on 16 January 2009, at 19:17 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers

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