Australian Securities and Investments Commission Act 2001
In plain English
This Act establishes the Australian Securities and Investments Commission (ASIC) to regulate companies and financial services.
The Australian Securities and Investments Commission Act 2001 creates ASIC. ASIC regulates companies, financial markets, and financial services providers. It aims to promote efficient markets and protect consumers. The Act covers company registration, financial reporting, and corporate governance. It also deals with market integrity and consumer protection in the financial sector. The Act came into force in 2001.
Why it matters
If your business offers financial services or is a company, this Act is vital. It sets rules for how you operate and interact with customers. Compliance ensures you avoid legal issues and maintain a good reputation.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Summary
Establishes ASIC + its functions + powers + ASIC Act consumer protections + Royal Commission outcomes.
Topics
Administered by
Source: https://www.legislation.gov.au/Series/C2004A00857. Rules Mate summarises and links; we don't republish full statutory text. Always verify against the live source before acting.