ASIC launches online hub to better explain itself to small business

The Australian Securities & Investments Commission has launched a new online hub that aims to help Australia’s small business owners and operators better understand their legal obligations and the role of ASIC.
The Australian Securities & Investments Commission has launched a new online hub that aims to help Australia’s small business owners and operators better understand their legal obligations and the role of ASIC.

The new website comes after a 2012 ASIC survey of small businesses found that business owners wanted more engagement from ASIC because they had limited knowledge about ASIC and what it does; little understanding of their compliance obligations and found it difficult to get relevant information from ASIC; and because information provided by ASIC was often difficult to understand and heavy on legal jargon.

The hub, which can be found at www.asic.gov.au/small-business, features information on starting and closing a small business, legal requirements for small business operators, one minute guides on popular topics and access to ASIC’s new quarterly small business e-newsletter.

ASIC Commissioner Greg Tanzer (featured in the below video) said the hub is an information gateway designed to improve small business experiences with ASIC and help business owner better understand ASIC’s role.

 “Whether you're dealing with the everyday pressures of running a business, or looking to start up, you want information that is accessible, practical and easy to understand,” Tanzer said. “We’ve invested considerable time in making our hub relevant and user friendly and look forward to receiving feedback during ASIC’s next small business stakeholder survey in 2014.”

ASIC’s small business hub is part of a series of tools being developed to support the small business community and follows the release of ASIC’sYour Obligations As A Small Business Operator booklet in August.

Follow @mybusinessau on Twitter for breaking stories throughout the day.

 



promoted stories