ASIC Connect Search

Definition

ASIC Connect Search is an online service provided by the Australian Securities and Investments Commission (ASIC) that allows users to access and search for information related to companies, business names, and financial services entities registered in Australia. 

What is ASIC Connect Search?

Users can use ASIC Connect Search to find information such as company names, registration details, director and secretary information, financial statements, and business addresses. It also allows users to verify the status of a company, check its compliance with regulatory requirements, and review any changes made to its registration details. This platform is designed to enhance transparency and provide easy access to key details about entities registered with ASIC.

The service is particularly useful for businesses and individuals needing to conduct due diligence, verify the legitimacy of a company or business, or stay informed about the registration status of entities they are dealing with. For instance, a potential business partner might use ASIC Connect Search to review a company’s registration and director details before entering into a contract, making sure that they are dealing with a legitimate and compliant entity.

ASIC Connect Search is accessible through the ASIC website, where users can perform searches using various criteria and get relevant information for a fee or, in some cases, for free. This tool supports informed decision-making and improves the accountability and transparency of business operations within Australia’s regulatory framework.

Example of ASIC Connect Search

A small business owner in Melbourne is considering partnering with a new supplier. Before finalising the agreement, the owner uses ASIC Connect Search to verify the supplier’s company details. They search for the company’s registration status, director information, and any recent changes in the company’s records. 

By doing this, the business owner confirms that the supplier is a legitimate and registered entity, making sure that they are entering into a partnership with a credible and compliant business.