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Australian Securities and Investments Commission
Section 1: Overview, Appropriations and Budget Measures Summary
Overview
The Australian Securities and Investments Commission (ASIC) is an independent government body that enforces and administers the Corporations Law and consumer protection law for investments, life and general insurance, superannuation and banking (except lending) throughout Australia. The Commission is established under the Australian Securities and Investments Commission Act 1989.
ASIC has the function of monitoring and promoting market integrity and consumer protection in relation to:
- the Australian financial system;
- the provision of financial services; and
- the payments system.
Appropriations
The total appropriations for ASIC in the 2000-01 Budget are $148.1 million. Table 1.1, on the following page, shows the total appropriations by price output appropriation and administered expenses.
Australian Securities and Investments Commission - Appropriations 2000-01
Table 1.1: Appropriations ($'000)
(a) Revenue from Other Sources includes other revenue from Government (for example, resources free of charge) and revenue from sources other than Government (for example, sales of goods and services)
(b) Estimated expenses from Special Appropriations are shown in Appendix 1.
Budget Measures Summary - Australian Securities and Investments Commission
Table 1.2: Summary of Measures Disclosed in the 2000-01 Budget
Administered Capital and Agency Capital (Equity Injections and Loans)
ASIC does not have an appropriation for an equity injection or loan or an appropriation for administered capital in 2000-01.
