Who is ASIC?

• ASIC is the abbreviation for the Australian Securities and Investments Commission.
  • This is a Commonwealth-funded body that was established to regulate the activity of companies and businesses in Australia.
  • Its main function is to make sure that companies are complying with the law.
• ASIC has broad investigative and enforcement powers and responsibilities that are set out in the Australian Securities and Investments Commission Act 2001 (Cth) and the Corporations Act 2001 (Cth).
• If ASIC becomes involved with your business it is advisable to get legal advice to make sure you understand all your rights and responsibilities. Our free Find a Lawyer directory can help put you in touch with the assistance you need.