Please note: this is an old article
It was published in September 2017, so the information may be out-of-date.
ASIC has recently outlined its approach and broader vision for working with small business with the launch of its Small Business Strategy 2017-2020.
Speaking at the recent National Small Business Summit in Melbourne, the agency’s Commissioner John Price said, “ASIC’s small business strategy has been developed to explain the work we are doing to support small business. It focuses on our three strategic priorities – being to engage, assist and protect – and outlines ASIC’s initiatives to help small business succeed as a key driver of the Australian economy.”
He said that they will do this by:
- engaging with small business and government bodies, to understand and respond to the challenges and opportunities faced by small business;
- assisting small business through our registry services and by providing information and guidance;
- protecting small business through working to level the playing field for small business so that everyone is playing by the same rules.
“ASIC’s interaction with small business is vast and occurs through direct engagement and via industry and government bodies responsible for assisting small business,” Price said. “We assist small business through our registry services and by providing information to build financial capability in current and future small business owners, by providing regulatory guidance and we also protect small business through our ongoing surveillance, enforcement and policy work.