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 ?
(48) This last point is borne out by comments made by Finkelstein J in Australian Securities and Investments Commission v Vizard ('Vizard') (49) in his discussion of the contravention of Corporations Law s 232(5) (50) by celebrity businessman Stephen Vizard when he was a director of Telstra Corporation ('Telstra'):
The Government has reappointed Ms Cathie Armour as a full-time member of the Australian Securities and Investments Commission (ASIC).
The Australian Securities and Investments Commission (ASIC), the Australian banking regulator, has been hit with a funding cut of 10 percent.
"Only use operators with an Australian Financial Services licence or are authorised by an AFS licensee and also check on the Australian Securities and Investments Commission website to make sure the business is not on their blacklist."
The Australian Securities and Investments Commission (ASIC) will resort to this measure after exhausting other options.
The Federal Court imposed the maximum penalty, of $1.1 million, on TCS for engaging in unconscionable conduct in breach of section 12CB of the Australian Securities and Investments Commission Act 2001.
The firms have agreed to specific changes outlined by the Australian Securities and Investments Commission and the Australian Small Business and Family Enterprise Ombudsman.
Following the arrest of an ABS staff member for a range of offences relating to the alleged disclosure of sensitive statistics in May 2014, the ABS contracted Belinda Gibson, a former Deputy Chairman of the Australian Securities and Investments Commission, to conduct a review of ABS Sensitive Information Controls.
The Australian Securities and Investments Commission chair, Greg Medcraft, has said that his agency would find the person who had leaked information about a proposed budget levy to the media before it was officially announced.
Agency : Agency: Australian Securities and Investments Commission
At a forum on banking and culture held in Melbourne on Tuesday, the Australian Securities and Investments Commission (ASIC) chair and corporate regulator, Greg Medcraft, urged banks to revisit their corporate culture.
The Australian Securities and Investments Commission is seeking certain specifics which include details of any stakeholder approvals needed and details of any security Padbury was needed to front up to secure the money.
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