Independent Australian government body that acts as Australia's corporate regulator
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. ASIC, which reports to the treasurer, was established on 1 July 1998 following recommendations from the Wallis Inquiry.
Source: Wikipedia (CC BY-SA)ASIC is suing the former head of Rebel Sport’s owner for allegedly misleading the market and breaching his directors’ duties. The reporting cites corporate accountability actions by the Australian securities regulator. The case highlights scrutiny of executives’ conduct in the retail sector.
