About the Australian Securities and Investments Commission
The Australian Securities and Investments Commission (ASIC) is the consumer protection regulator for financial services. In this role, ASIC protects investors, superannuants, depositors and insurance policy holders. ASIC regulates and enforces laws that promote honesty and fairness in financial products and services, in financial markets, and in Australian companies.
ASIC also has powers to protect consumers against misleading or deceptive and unconscionable conduct affecting all financial products and services, including credit.
More information about ASIC can be found at their website Australian Securities and Investments Commission (ASIC)