Which is the body responsible for administering company law in Australia?

Question

Quizplus · Accepted Answer

The Australian Securities and Investments Commission (ASIC) is responsible for administering company law in Australia. The ASIC has the power to regulate corporate bodies and financial markets to ensure confidence in the market economy. The Australian Securities Exchange (ASX) is a stock exchange and not a regulatory body. The Australian Accounting Standards Board (AASB) sets accounting standards in Australia, but it is not responsible for administering company law. The Australian Federal Government has regulatory power over many areas of commerce, but administration of company law is specifically delegated to ASIC.

Which Is the Body Responsible for Administering Company Law in Australia