The Australian Securities and Investment Commission ASIC was established under the securities investment board act (ASIC act) in 2001. The agency is an independent government department and independently monitors the company, its investment practices, its financial products and services. The Australian Securities and Investment Commission is the regulator of Australia's banks, securities and foreign exchange retailers. With the 2001 Australia "Securities Investment Commission Act" the introduction of ASIC from the retail foreign exchange market into the daily supervision, supervision together with banks, securities, insurance and other financial industry, has become an important part of the Australian national financial system.

The basic function of ASIC lies in maintaining the integrity of the market and protecting the rights and interests of consumers. The integrity of the market is to prevent market manipulation, fraud and unfair competition, protection of market participants from financial fraud and other unfair practices, so as to enhance investor confidence in financial markets, to maintain the stability of consumer protection in financial markets is reflected in the full and timely market information disclosure, securities company, and ensure the market the option of honesty and justice, ensure that small investors can obtain sufficient and accurate information when the interests of investors by injustice suffered losses, compensation can be obtained through proper channels.

ASIC ASIC is the nature of the government and the legal status of the legal supervision mechanism of Australian financial services and markets, ASIC Australia is an independent federal agency, the federal government approval, according to the provisions of the 2001 parliament approved Australia "Securities Investment Commission Act", the independent travel institutions according to law on financial supervision in Australia, the financial system financial institutions and professional personnel functions.