https://asic.gov.au/about-asic/what-we-do/our-role/powers/Powers
The laws we administer give us the powers we need to perform our role.
These include powers to:
Register and license Regulate Enforce Register financial services providers
Maintain publicly accessible registers
Grant Australian financial services and credit licences
Intervene to ban defective products
Make legislative rules to ensure financial market integrity
Grant relief from legislation
Investigate suspected breaches
Issue infringement notices
Seek civil penalties
Ban individual activity
Prosecute offenders