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