Australian Securities and Investments Commission
Section 1: Overview
The Australian Securities and Investments Commission (ASIC) is an independent government body that enforces company and financial services laws to protect consumers, investors and creditors. The Commission is established under the Australian Securities and Investments Commission Act 2001 (ASIC Act).
The ASIC Act requires that the Commission:
- uphold the law uniformly, effectively and quickly;
- promote confident and informed participation by investors and consumers in the financial system;
- receive, process and store information about companies and other bodies and ensure that this information is made available to the public as soon as practicable; and
- improve the performance of the financial system and the entities within it.
In performing its functions ASIC works closely with other financial, consumer and law enforcement bodies in Australia and internationally.
1.1 Summary of agency contributions to outcomes
The products and services delivered by ASIC which contribute to the achievement of its outcome are summarised in Table 1.1 and Figure 2 on page 174.
Table 1.1: Contribution to outcomes
