Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 95

  (1)   For the purpose of performing its functions and exercising its powers under the corporations legislation, ASIC:

  (a)   must establish a regional office in each referring State, the Australian Capital Territory and the Northern Territory; and

  (b)   may establish a regional office in a State that is not in this jurisdiction; and

  (c)   may establish such other offices as it thinks fit.

  (2)   In deciding on the number and location of its offices, ASIC must seek to ensure that:

  (a)   for the purposes of the corporations legislation (other than the excluded provisions)--it serves adequately the needs of business communities in the States and Territories in this jurisdiction; and

  (b)   for the purposes of Division   2 of Part   2--it serves adequately the needs of business communities throughout Australia.