ASIC is a statutory body responsible, amongst other things, for:

Question

Quizplus · Accepted Answer

ASIC is responsible for monitoring compliance with Australian corporations law, including the Australian Securities and Investments Commission Act 2001 and the Corporations Act 2001. While ASIC may also promote competition and fair play in the marketplace as part of its responsibilities, this is not its primary function. The drafting of legislation is primarily the responsibility of the Australian Parliament, although ASIC may provide input and advice during the process. Ensuring compliance with consumer law is primarily the responsibility of the Australian Competition and Consumer Commission (ACCC).

ASIC Is a Statutory Body Responsible, Amongst Other Things, For