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The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors. [ 2 ]
ASIC has been appointed by the United Kingdom Government's Home Office UK Border Agency to accredit private UK colleges for visa purposes. [3] In this capacity, ASIC distinguishes colleges that actually provide educational services from bogus institutions that allow international students to obtain fraudulent visas. [4] [5]
The Moneysmart website was officially launched on 15 March 2011, [3] as part of the Australian Government's National Financial Literacy Strategy 2008–2010. [4]In July 2008, the Australian Government transferred the functions of the Financial Literacy Foundation to ASIC, including managing and maintaining the Understanding Money [5] website.
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The ABN is required when a person, trust or company is registered with the Australian Business Register (ABR) and conducts a business. The ABN facilitates and streamlines many Australian business-to-government and government-to-business processes, such as Australian Tax Office transactions involving the collection and remittance of GST.
The Registrar of Indigenous Corporations, formerly the Registrar of Aboriginal Corporations (1977–2007) and Registrar of Aboriginal and Torres Strait Islander Corporations (2007 – 1 May 2008), is an Australian Government statutory office appointed by the Minister for Indigenous Australians under the CATSI Act.
Under Note 11 of The Commonwealth of Australia Constitution Act, The Corporations Act 2001 can be seen as still in effect. Australian Financial Services Licence (AFSL) is a legal licence provided by the Australian Securities and Investments Commission (ASIC) enabling the operation and activities of Australian financial services businesses. [1]