Skip to content
Mogged
Treasury & financeStatutory authorityExists today

Australian Securities and Investments Commission

ASIC

1 July 1998 – present

Previously Australian Securities Commission (1991–1998).

Australia's corporate, markets, financial services and consumer credit regulator, which registers companies, licenses financial service providers, supervises financial markets and enforces corporations and financial services laws.

Names over time

  1. Australian Securities Commission1991–1998
  2. Australian Securities and Investments Commission1998–present

How it came into existence

Created on 1 July 1998 when the Australian Securities Commission was renamed under the Financial Sector Reform (Amendments and Transitional Provisions) Act 1998 and given consumer protection responsibilities for insurance, superannuation and deposit-taking, transferred from the Insurance and Superannuation Commission.

Legislation: Australian Securities and Investments Commission Act 2001

Changes during its life

  1. 15 July 2001The Australian Securities and Investments Commission Act 2001 replaced the 1989 Act after the states referred corporations power to the Commonwealth.
  2. 1 July 2010Became the national regulator of consumer credit under the National Consumer Credit Protection Act 2009, taking over from state and territory regulators.
  3. 1 August 2010Took over supervision of trading on Australia's domestic licensed financial markets from the market operators.

Main functions

  • Company registration and public registers
  • Licensing and regulation of financial services providers
  • Supervision of financial markets
  • Regulation of consumer credit
  • Financial consumer protection
  • Enforcement of corporations and financial services law

Where it sits

In the portfolio of Department of the Treasury.

Type of body
Non-corporate Commonwealth entity
Portfolio
Treasury
Accountable authority
Chairperson – Australian Securities and Investments Commission Act 2001 section 9A(b)
ABN
86 768 265 615

Lineage

Loading lineage…

Sources

Primary sources

Government records and websites