The Australian Securities and Investments Commission (ASIC) is an independent Australian government body and is this country’s corporate regulator. ASIC administers the Australian Securities and Investments Commission Act 2001 (ASIC Act), and is also generally responsible for administration and enforcement of the Corporations Act 2001. In addition, ASIC publishes guidance and information on many related topics, including corporate governance.
ASIC seeks to:
- maintain and improve the performance of the financial system and entities within it
- promote informed participation by investors and consumers in the financial system
- administer the law effectively
- provide information about companies and other bodies to the public