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What we do

ASIC is Australia's integrated corporate, markets, financial services and consumer credit regulator.

ASIC is an independent Australian Government body. We are set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act), and we carry out most of our work under the Corporations Act.

Powers

The laws we administer give us the powers we need to perform our role.

These include powers to:

Register and license

Register financial services providers

Maintain publicly accessible registers

Grant Australian financial services and credit licences

Regulate

Intervene to ban defective products

Make legislative rules to ensure financial market integrity

Grant relief from legislation

Enforce

Investigate suspected breaches

Issue infringement notices

Seek civil penalties

Ban individual activity

Prosecute offenders

Our powers are designed to protect consumers against misconduct and harms relating to financial products and services.