Our ABN is 86 768 265 615
Our Biller Code is 17301
We are an independent Commonwealth government body, operating under the direction of six 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.
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.