There is provided a charge/discharge control circuit and a battery assembly including an accurate overcurrent protecting circuit with low consumption current characteristics. The charge/discharge control circuit comprises a current protecting circuit including: a reference voltage circuit having a reference transistor for detecting overcurrent flowing through a control transistor to turn it on, and a constant current circuit; and a comparison circuit for comparing voltage on the reference voltage circuit with voltage generated by overcurrent flowing through the control transistor, wherein when no overcurrent flows, the electric current flowing through the reference voltage circuit is interrupted to reduce power consumption.