Under section 243 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, see the role of the committee page). This is an ongoing inquiry consistent with those statutory duties, which will continue through the life of the 48th Parliament. 

The committee is currently accepting submissions on matters related to this inquiry. Information on providing submissions to parliamentary committees can be found here.

Please note that submissions must be relevant to the committee’s terms of reference as set out in section 243 of the Australian Securities and Investments Commission Act 2001.

Submitters are advised that the role of the committee is to conduct oversight of ASIC in its role as Australia’s corporate, markets, financial services and consumer credit regulator, and to report to the Parliament on its findings and recommendations regarding relevant legislation, regulation and government policy. While the committee is not able to intervene in or resolve individual disputes, the committee may draw on individual experiences to inform its broader investigations in connection with this inquiry.