Setting standards for all financial service providers including companies, financial markets, financial services organisations, financial consultants and professionals and continuously monitoring their performance.
Check the reliability and validity of the financial information sent to ASIC by corporations and other organisations and consequently contribute to the confidence of the users.
Provide assurance and credibility about the performance and preciseness of information that entities operating in Australian financial systems disclose.
Properly and efficiently administer, organise, and process the documents sent to ASIC.
Publish companies financial information as soon as properly prepared.
Comply with the governing acts and enforce the provisions within the courses of ASIC activities and responsibilities.
ASIC Key Considerations:
Improving investors decisions by supplying them with required and credible information.
Enforcing the implementation of corporate governance codes and guidelines to enhance transparency and fairness of financial markets.
Facilitating and accelerating registration of small businesses.
Deciding on issuing financial services licenses and credit licenses and publicising the registration certificates of financial services companies.
Designing the processes of registering auditors and liquidators.
Ruling and directing the transparency and integrity of financial markets.
Filtering defective financial products and fraudulent financial experts in the market.
Demanding penalties for non-compliance with ASIC rules in the civil courts.