| Australian Securities and Investments Commission | |
|---|---|
 | |
| Type | Statutory authority |
| Founded | January 1, 1991 |
| Headquarters |  Sydney, Australia |
| Employees | 1,471 |
| Website | www.asic.gov.au |
The Australian Securities & Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator. A statutory authority is an Australian body which has the right to enact legislation for specific areas of the Law. Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. Sydney (ˈsɪdniː is the most populous city in Australia, with a Metropolitan area population of approximately 4 For a topic outline on this subject see List of basic Australia topics. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages This article describes the federal government of Australia See Australian governments for other jurisdictions For a topic outline on this subject see List of basic Australia topics. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.
Contents |
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
History
ASIC was originally formed as the Australian Securities Commission (ASC), which came 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.
See also
References
- ASIC (11 April 2005). The Australian Prudential Regulation Authority (APRA is a Statutory authority, and the prudential regulator of the Australian financial services industry "ASIC at a glance". Retrieved 16 April 2005.
- ASIC (1 February 2005). "The laws ASIC administers". Retrieved 16 April 2005.
External links
- Australian Securities & Investments Commission
- Fido - Consumer website of Australian Securities & Investments Commission
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