Australian Securities and Investments Commission
- Australian Securities and Investments Commission
Infobox_Company
company_name = Australian Securities and Investments Commission
company_
company_type = Statutory authority
foundation = January 1, 1991
location = flagicon|Australia Sydney, Australia
num_employees = 1,471
jurisdiction = Corporate governance, finance, derivative securities
homepage = [http://www.asic.gov.au/ www.asic.gov.au]
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.
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.
ee also
* Australian Prudential Regulation Authority
References
*ASIC (11 April 2005). [http://www.asic.gov.au/asic/asic.nsf/byheadline/ASIC+at+a+glance "ASIC at a glance"] . Retrieved 16 April 2005.
*ASIC (1 February 2005). [http://www.asic.gov.au/asic/ASIC.NSF/byheadline/The+laws+ASIC+administers "The laws ASIC administers"] . Retrieved 16 April 2005.
External links
* [http://www.asic.gov.au/ Australian Securities & Investments Commission]
* [http://www.fido.gov.au/ Fido] - Consumer website of Australian Securities & Investments Commission
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