Company Law Review Bill 1997
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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