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%)