Business dealings in Australia are controlled by a large number
of regulators. These regulatory bodies have jurisdiction at both
the Federal and State level.
Australia's regulators have a broad remit to oversee the
conduct of businesses in a wide range of sectors, from financial
services to energy infrastructure.
Australia's corporate regulators are creatures of statute.
Legislation governs the role of each regulator and, most
importantly, their coercive powers and the restraints on the
exercise of those powers. All companies doing business in Australia
should be cognisant of Australia's particular regulatory
framework.
ASIC
The Australian Securities and Investments Commission
(ASIC) regulates corporations generally, including
the conduct of directors and officers of companies. ASIC has broad
powers, including the power to investigate suspected breaches of
the Corporations Act 2001 (Cth), issue infringement
notices and ban individuals from being directors or
