Membership of the Committee

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Membership of the Committee

Membership 39th Parliament

Senator Grant Chapman, (Chairman)
Mr Bob Sercombe, MP, (Deputy Chairman)
Senator Stephen Conroy
Senator Barney Cooney
Senator the Hon Brian Gibson
Senator Andrew Murray
Ms Julie Bishop, MP
Mr Ross Cameron, MP
Mr Kevin Rudd, MP
Dr Andrew Southcott, MP

Membership 38th Parliament

Senator Grant Chapman, (Chairman)
Hon Leo McLeay, MP, (Deputy Chairman)
Senator Stephen Conroy
Senator Barney Cooney
Senator the Hon Brian Gibson
Senator Andrew Murray
Mr Larry Anthony, MP
Mrs Ricky Johnston, MP
Mrs De-Anne Kelly, MP
Mr Kelvin Thomson, MP

Committee Secretary

Mr Frank Nugent


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:

  1. to inquire into, and report to both Houses on:
    1. 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
    2. 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;
  2. 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
  3. 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.


Terms of reference

On 10 December 1998 the Senate resolved that:

the provisions of the Corporate Law Economic Reform Program Bill 1998 be referred to the Parliamentary Joint Committee on Corporations and Securities for inquiry and report by 22 April 1999.

On 21 April 1999 the Senate agreed that:

the time for the Parliamentary Joint Committee on Corporations and Securities to present its report on the Corporate Law Economic Reform Program Bill 1998 be extended to 29 April 1999.

On 29 April 1999 the Senate agreed that:

the time for the Parliamentary Joint Committee on Corporations and Securities to present its report on the Corporate Law Economic Reform Program Bill 1998 be extended to 11 May 1999.


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