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15    Economics References Committee—Variation of Reference

Senator Williams, pursuant to notice of motion not objected to as a formal motion, moved business of the Senate notice of motion no. 2—That the following additional matters be referred to the Economics References Committee as part of its inquiry into the implications of financial advice reforms:

    (a)   the need for further reform and improved oversight of the life insurance industry;

    (b)   whether entities are engaging in unethical practices to avoid meeting claims;

     (c)   whether a life insurance industry code of conduct is required;

    (d)   the role of the Australian Securities and Investments Commission in reform and oversight of the industry; and

     (e)   any related matters.

Question put and passed.