Section 243 of the Australian Securities and Investments Commission
Act 2001 sets out the Parliamentary Committee's duties as follows:
- to inquire into, and
report to both Houses on:
-
activities of ASIC 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
-
the operation of the
corporations legislation (other than the excluded provisions); or
-
the operation of any
other law of the Commonwealth, or any law of a State or Territory, that appears
to the Parliamentary Committee to affect significantly the operation of the
corporations legislation (other than the excluded provisions); or
-
the operation of any
foreign business law, or of any other
law of a foreign country, that appears to the Parliamentary Committee to affect
significantly the operation of the corporations legislation (other than the
excluded provisions); and
-
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
-
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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