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ECONOMICS REFERENCES COMMITTEE—REFERENCE

Senator Williams, also on behalf of Senator Cameron and the Leader of the Australian Greens (Senator Milne), pursuant to notice of motion not objected to as a formal motion, moved business of the Senate notice of motion no. 1—That the following matter be referred to the Economics References Committee for inquiry and report by 31 March 2014:

The performance of the Australian Securities and Investments Commission (ASIC), with particular reference to:

 (a) ASIC's enabling legislation, and whether there are any barriers preventing ASIC from fulfilling its legislative responsibilities and obligations;

 (b) the accountability framework to which ASIC is subject, and whether this needs to be strengthened;

 (c) the workings of ASIC's collaboration, and working relationships, with other regulators and law enforcement bodies;

 (d) ASIC's complaints management policies and practices;

 (e) the protections afforded by ASIC to corporate and private whistleblowers; and

 (f) any related matters.

Question put and passed.