The Australian Securities and Investment Commission (ASIC) is Australia’s corporate, markets and financial services regulator.
It is an independent federal government body that monitors the behaviours, processes and transparency of Australian financial institutions.
ASIC is required to:
- maintain, facilitate and improve the performance of the financial system and entities in it
- promote confident and informed participation by investors and consumers in the financial system
- administer the law effectively and with minimal procedural requirements
- enforce and give effect to the law
- receive, process and store, efficiently and quickly, information that is given to us
- make information about companies and other bodies available to the public as soon as practicable
- take whatever action we can, and which is necessary, to enforce and give effect to the law.