(a) to inquire into, and report
to both Houses on:
(i) 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
(ii) the operation of the corporations
legislation (other than the excluded provisions), 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 the
corporations legislation (other than the excluded provisions); and
(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.