Australian Securities and Investments Commission

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Australian Securities and Investments Commission

An agency of the Australian government responsible for regulating corporations, investments, and insurance. Its goal is to protect consumers, creditors and investors from predatory or unfair business practices. Among other things, it co-regulates the Australian Securities Exchange. It was established in 1991 to consolidate several regulatory agencies that previously existed. It is based in Melbourne.
References in periodicals archive ?
This view is consistent with Hegarty's (1997, 88) suggestion that international standards at best provide "a safety net of common minimum standards," and with the following statement made by the chairman of the Australian Securities Commission, Alan Cameron:
O'Halloran, whose services were terminated without explanation, made good on threats to give Australian Securities Commission potentially damaging documents detailing Galaxy's business, legal and accounting affairs.
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