Duties of the Committee
Section 243 of the Australian Securities Commission Act 1989 sets
out the duties of the Committee as follows:
The Parliamentary Committee's duties are:
(a) to inquire into, and report to both Houses on:
(i) activities of the Commission or the Panel, or matters connected
with such activities, to which, in the Parliamentary Committee's
opinion, the Parliament's attention should be directed; or
(ii) the operation of any national scheme law, or of any other
law of the Commonwealth, of a State or Territory or of a foreign
country that appears to the Parliamentary Committee to affect significantly
the operation of a national scheme law;
(b) to examine each annual report that is prepared by a body established
by this Act and of which a copy has been laid before a House, and
to report to both Houses on matters that appear in, or arise out of,
that annual report and to which, in the Parliamentary Committee's
opinion, the Parliament's attention should be directed; and
(c) to inquire into any question in connection with its duties that
is referred to it by a House, and to report to that House on that
question.
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