National Companies and Securities Commission
NCSC
1980 – 1 January 1991
Commonwealth statutory body that administered the national cooperative scheme for companies and securities regulation, largely through delegations to the state and territory Corporate Affairs Commissions.
How it came into existence
Established under the National Companies and Securities Commission Act 1979 as part of the 1978 cooperative agreement between the Commonwealth and the states, and began operating in 1980; the uniform securities, takeovers and companies codes it administered took effect in 1981 and 1982.
Legislation: National Companies and Securities Commission Act 1979
How it ended
Replaced on 1 January 1991 by the Australian Securities Commission when the Corporations Law gave a single Commonwealth regulator direct national responsibility.
- National companies and securities regulation
- Takeovers regulation
- Declarations of unacceptable conduct in takeovers
Main functions
- Administration of the cooperative companies and securities scheme
- Regulation of company takeovers
- Oversight of the securities and futures industries
- Advice to the Ministerial Council for Companies and Securities
Where it sits
Last in the portfolio of Attorney-General's Department.
Lineage
Loading lineage…
Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.