(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.