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RBA Glossary definition for ASIC
ASIC – Australian Securities and Investments Commission. One of three Australian Government bodies (the others being the Australian Prudential Regulation Authority and the Reserve Bank of Australia) that regulates financial services. ASIC is the national regulator of Australia's companies. ASIC has responsibility for market protection and consumer integrity issues across the financial system.
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Policy Considerations | Submission to the Productivity Commission Inquiry on First Home Ownership – November 2003 | Housing and Housing…
1 Nov 2003
Submissions
As ASIC has noted, the current regulatory regime was not designed for the purpose of regulating the provision of financial advice. ... Where the advice is more general, ASIC recommended that there should be disclosure to the effect that:.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/policy-considerations.html