ASIC is Australia's integrated corporate, markets, financial services and consumer credit regulator. ASIC is an independent Australian Government body. We are set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act), and we carry out most of our work under the Corporations Act. Our role under the ASIC Act is to: maintain, facilitate and improve the performance of the financial system and entities in it promote confident and informed participation by investors and consumers in the financial system administer the law effectively and with minimal procedural requirements receive, process and store, efficiently and quickly, information we receive make information about companies and other bodies available to the public as soon as practicable take whatever action we can, and which is necessary, to enforce and give effect to the law.