The Australian Securities & Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope is determined pursuant to the Australian Securities and Investments Commission Act, 2001 (Cth).
ASIC was originally formed as the Australian Securities Commission (ASC), which came into being on 1 January 1991 in accordance with the (then) ASC Act 1989. The purpose of the ASC was to unify corporate regulators around Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices of the states and territories.
The corporate regulator became the Australian Securities & Investments Commission (ASIC) on 1 July 1998, when it also became responsible for consumer protection in superannuation, insurance, deposit taking. It has since gained further responsibilities: in 2002 for credit, the Australian Stock Exchange in 2009, and Chi-X in 2011.
With its trading name known as 'ODIN MANAGEMENT' in English, ODIN MANAGEMENT PTY LIMITED, in 2002, applied for and gained the first—rate global business license issued by the Financial Services Commission of the Republic of Australia under the name of Odin Management Pty Limited. The company 's registration number is 64 098 986 648; first -rate global business license number is 224022 License.The trading name of Odin Management Pty Limited is 'odincapital.com'. Odin Management Pty Limited thus became a taxpayer of Australia.