AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 95 ASIC to establish offices
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 95
ASIC to establish offices(1) For the purpose of performing its functions and exercising its powers under the corporations legislation, ASIC:
(a) must establish a regional office in each referring State, the Australian Capital Territory and the Northern Territory; and
(b) may establish a regional office in a State that is not in this jurisdiction; and
(c) may establish such other offices as it thinks fit.
(2) In deciding on the number and location of its offices, ASIC must seek to ensure that:
(a) for the purposes of the corporations legislation (other than the excluded provisions)--it serves adequately the needs of business communities in the States and Territories in this jurisdiction; and
(b) for the purposes of Division 2 of Part 2--it
serves adequately the needs of business communities throughout Australia.