Australian Securities and Investments Commission

Australian Securities and Investments Commission
Commission overview
Formed1 July 1998 (1998-07-01)
Preceding agencies
DissolvedAustralian Securities Commission
JurisdictionAustralia
HeadquartersSydney, New South Wales
Employees1,656 (2018–19)[1]
Minister responsible
  • Stephen Jones, Assistant Treasurer and Minister for Financial Services
Commission executive
  • Joseph Longo, Chair
Parent departmentTreasury
Websiteasic.gov.au

The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.[2] ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope are determined by the Australian Securities and Investments Commission Act 2001.

ASIC, which reports to the Treasurer, is responsible for the administering the following legislation:[3]

Additionally, ASIC is also responsible for administering parts of the following legislation:[3]

  1. ^ Annual Report 2017–2018 (PDF), Australian Securities and Investments Commission, 2018, p. 168
  2. ^ "Overview of ASIC". Parliament of Australia. Retrieved 13 September 2019.
  3. ^ a b "Laws we administer". ASIC. Retrieved 9 February 2021.