The Corporations Act 2001 is primarily enforced by
A)the Financial Reporting Council.
B)the Australian Securities Exchange.
C)the Australian Securities and Investments Commission.
D)the Australian Accounting Standards Board.

Question

Quizplus · Accepted Answer

The Australian Securities and Investments Commission (ASIC) is responsible for enforcing the Corporations Act 2001 in Australia. ASIC is the government regulator tasked with ensuring that companies and financial markets operate fairly, transparently, and in compliance with Australian law. The Financial Reporting Council (A) is responsible for overseeing the accounting and auditing standards in Australia, but it does not have enforcement powers. The Australian Securities Exchange (B) is a stock exchange where companies can list their shares for trading but does not have regulatory powers. The Australian Accounting Standards Board (D) also sets accounting standard but does not have enforcement powers.

The Corporations Act 2001 Is Primarily Enforced by