On 12 December 2013, the Senate referred the Reserve Bank Amendment (Australian Reconstruction and Development Board) Bill 2013 to the Economics Legislation Committee for inquiry and report by 26 March 2014. On 25 March 2014, the Senate granted an extension of time for reporting until 25 June 2014. On 17 June 2014, the committee was granted a further extension to report by 28 August 2014.
On 15 July 2014, the committee received a further extension to report by 4 December 2014.

Following a further extension granted on 2 December 2014, the committee is now due to report by 31 March 2015.

Submissions closed on 10 February 2014.