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 Australian Securities and Investments Commission (ASIC), the Australian banking regulator, has been hit with a funding cut of 10 percent.
The Australian Securities and Investments Commission (ASIC) will resort to this measure after exhausting other options.
The firms have agreed to specific changes outlined by the Australian Securities and Investments Commission and the Australian Small Business and Family Enterprise Ombudsman.
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.
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.
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