ASIC → regulates → BUSINESS
Regulates companies within its remit; not every business is a company.
Our roleregulators
Australian Securities and Investments Commission
Regulates companies, financial markets, financial services and consumer credit.
Role, powers and limits
- Role
- Regulates companies, financial markets, financial services and consumer credit.
- Authority source
- ASIC Act 2001; Corporations Act 2001; consumer credit legislation.
- Powers
- Licensing, investigation and statutory enforcement.
- Limits
- Prudential supervision is a separate APRA function.
- Oversight
- Parliamentary committees, ministerial accountability, audit and applicable court processes.
- Review / appeal
- Some decisions are subject to administrative or judicial review under the applicable legislation.
- Money flows
- No separate money flows claim is made for this concept in the initial dataset.
Connected relationships
ASIC → regulates → BANK
Regulates relevant financial-services and consumer-credit conduct.
Our roleASIC → regulates → FINANCIAL MARKETS
Regulates market conduct within its statutory remit.
Our roleGOVERNOR-GENERAL → appoints → ASIC
ASIC commissioners are appointed on the nomination of the minister under the ASIC Act.
ASIC governance and accountabilityPARLIAMENT → reviews → ASIC
Parliamentary committees scrutinise ASIC within their remit.
ASIC governance and accountabilityPrimary and official sources
Our role Powers ASIC governance and accountabilityLast verified: