Summary
The bill: establishes the Defence Capability Assurance Agency as an statutory authority to conduct capability assurance of defence materiel programs and establish a qualified workforce to conduct test and evaluation and risk assessments for defence materiel programs; establishes the Inspector-General of Defence Capability Assurance to provide oversight of the Defence Department, the Defence Force and the Defence Capability Assurance Agency; and establishes the Parliamentary Joint Committee on Defence to provide oversight of the performance of the Defence Capability Assurance Agency and the Inspector-General and review and report on matters relating to the defence of Australia and defence agencies.