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ASIC Advisory 11-194: ASIC's information-gathering powers

by Desanka.Vukelich 2. September 2011 15:17

ASIC today published Information Sheet 145: ASIC’s compulsory information-gathering powers (INFO 145) about how and why ASIC gathers information, and how it uses the information it gathers.

Compulsory information-gathering powers are an important and necessary part of the work ASIC does. The powers:

  • enable us to obtain the relevant information we need to make regulatory and enforcement decisions;
  • ensure that people providing assistance to ASIC are protected;
  • clearly set out the terms upon which people provide documents and information to ASIC; and
  • enable ASIC to obtain evidence in a form that can be used in court proceedings.

Parliament has given ASIC a range of compulsory information-gathering powers to enable us to require a person or entity to:

  • provide us with documents and information; and
  • attend an examination to answer questions and/or provide reasonable assistance.


The information sheet covers ASIC’s compulsory information-gathering powers, including:

  • an explanation of why we need information-gathering powers;
  • an explanation of how we use information-gathering powers;
  • an overview of our most commonly used information-gathering powers;
  • a description of ASIC’s approach to using these powers;
  • information about what it means for you when you receive a notice to produce documents or provide information; and
  • frequently asked questions.

The release of INFO 145 will increase transparency of the use of ASIC’s powers to gather documents and information for use in its work.




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