Glossary

  • Australian Securities and Investments Commission

    The Australian Securities and Investments Commission is an independent Commonwealth government body that regulates financial markets and services in Australia. ASIC’s role is to ensure that these markets and services operate efficiently and fairly for all participants. History of the Australian Securities and Investments Commission In 1991, the organization replaced the National Companies and Securities…

  • Australian Prudential Regulation Authority

    The Australian Prudential Regulation Authority supervises financial entities doing business in the country. It protects consumers by maintaining the safety and soundness of the financial system. The APRA accomplishes this by setting standards and enforcing them through examinations, inspections, and investigations. History of the Australian Prudential Regulation Authority The Australian government established the APRA on…

  • Australian Transaction Reports and Analysis Centre

    AUSTRAC is an Australian government agency that collects and analyses financial intelligence. It provides information to law enforcement, national security, and regulatory agencies to help them combat serious crime and terrorism. It does all of this with the goal of ridding the financial system of bad actors abusing it for personal gain. AUSTRAC principles and…