Australian Securities and Investment Commission

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The Australian Securities and Investments Commission, commonly referred to as the ASIC, is the Australian governing body which has primary responsibility for enforcing and regulating company and financial services laws to protect consumers, investors and creditors. The ASIC is an independent Australian government body which has regulated financial markets, securities, futures and corporations since January 1991. Starting in 1998, ASIC became responsible for consumer protection in pension, insurance, deposit taking and starting in 2002, became responsible for credit. ASIC reports to the Parliament of Australia, the Treasurer of Australia and the Parliamentary Secretary to the Treasurer.