Under subsection of 243(a) of the Australian Securities and Investments Commission Act 2001, the committee has an ongoing statutory duty to inquire into the activities of ASIC and the Takeovers Panel, or matters connected with such activities, and the operation of the corporations legislation and related legislation (for a more comprehensive description of these duties, see the Terms of Reference page). This is an ongoing inquiry consistent with those statutory duties, which is expected to continue through the life of the 47th Parliament.
The committee is now seeking written submissions on this matter.
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