The Australian Securities and Investments Commission (ASIC) is an independent Commonwealth government body established by the Australian Securities and Investments Commission Act 1989. It began on 1 January 1991 as the Australian Securities Commission, to administer the Corporations Law. It replaced the National Companies and Securities Commission (NCSC) and the Corporate Affairs offices of the States and Territories.
In July 1998 it received new consumer protection responsibilities and its current name.
The role of ASIC
The Australian Securities and Investments Commission (ASIC) is one of three Commonwealth government bodies that regulate financial services. We are the single national regulator of Australia's 1.2 million companies.