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ASIC Investigations

ASIC have extraordinary investigative powers, governed be the Australian Securities and Investments Commission Act 2001.

Section 13 of the Act outlines that ASIC’s general powers of investigation authorise them to conduct an investigation where it has reason to suspect that there has been a contravention of state or Commonwealth laws or legislation under the ASIC Act or Corporations Act.

An ASIC investigation is typically slow, methodical and thorough. ASIC will pursue an enquiry, employing all available resources and personnel. There can be several people on any given case and their resource pool is rich, robust and global. They can call upon assistance from other national and international agencies including US-SEC and Interpol. They have the power to compel production of documents from anyone and to interrogate anyone.

Are you being investigated by ASIC? Read on to:

 

Contact a Melbourne criminal lawyer to assist you while going through an ASIC investigation.