How we operate
We are an independent Commonwealth government body, operating under the direction of five full-time Commissioners appointed by the Governor-General on the nomination of the Treasurer. We report to the Commonwealth Parliament, the Treasurer and the Parliamentary Secretary to the Treasurer.
Our ABN is 86 768 265 615
Our Biller Code is 17301
Our values (PDF) guide the way we work, the way we make decisions and how we interact with each other and our customers.
ASIC is also committed to attracting and engaging a diverse and inclusive workplace.
Our service charter
Our service charter sets out what you can expect when you deal with us.
During 2014-15 we maintained an average of 1609 staff around Australia, a decrease of 10% from 2013-14.
ASIC utilises secondments as an effective way to develop capability at an individual level and across our workforce.
In 2014-15, funded through the Commonwealth budget, our operating expenditure was $354 million, a decrease of 12% from 2013-14. We raised $824 million in fees and charges for the Commonwealth, an increase of 8% from 2013-14.
The organisation began operating in 1991 as the Australian Securities Commission (ASC) replacing the National Companies and Securities Commission (NCSC) and the Corporate Affairs offices of the states and territories.
In 1998 the organisation took on responsibility for consumer protection in superannuation, insurance and deposit taking and was renamed the Australian Securities and Investments Commission.
In 2010 ASIC took on additional responsibilities for regulating trustee companies, consumer credit and finance broking and for supervising trading on Australian licensed equity, derivatives and futures markets.
ASIC's role, functions and powers are set out the in Australian Securities and Investments Commission Act 2001.