Influence of Government

Influence of Government – Australian Securities and Investments Commission, company taxation

ASIC – Australian Securities and Investments Commission

  • An independent statutory commission accountable to the Commonwealth parliament.
  • Enforces and administers the Corporations Act and protects consumers in the areas of investments, life and general insurance, superannuation and banking (except lending) in Australia.
  • Ensures Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.

Company Taxation

  • Companies and corporations in Australia pay company tax on profits.
  • Company tax is paid before profits are distributed to shareholders and dividends.
  • Examples include the GST, Carbon tax, Mining tax, Fringe benefits tax, Company tax (currently 30%)


Extract from Business Studies Stage 6 Syllabus. © 2010 Board of Studies NSW.