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Members of the Committee
Senator Grant Chapman, Chairman
Senator Penny Wong, Deputy Chair
Senator George Brandis
Senator Stephen Conroy
Senator Andrew Murray
Mr Anthony
Byrne MP
Mr Steven
Ciobo MP
Mr Alan Griffin MP
Mr Gregory
Hunt MP
Mr Stewart
McArthur MP
SECRETARIAT
Dr Kathleen Dermody, Secretary
Ms Bronwyn
Meredith, Principal Research Officer
Ms Angela
Lancsar, Executive Assistant
Duties of the Committee
Section
243 of the Australian Securities and Investments Commission Act 2001
sets out the duties of the Committee as follows:
The
Parliamentary Committee's duties are:
- 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 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
- 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.
Terms of Reference
On 25 July 2002, the Chairman of the Parliamentary Joint Committee
on Corporations and Financial Services announced that the Committee had agreed
to inquire into the level of banking and financial services available to
Australians living in rural, regional and remote areas of the country. The
inquiry was to place particular focus on:
- options for making additional banking services available to rural and
regional communities, including the potential for shared banking facilities;
- options for expansion of banking facilities through non‑traditional
channels including new technologies;
- the level of service currently available to rural and regional
residents; and
- international experiences and policies designed to enhance and improve
the quality of rural banking services.
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