Statute Update (Smaller Government) Act 2018 (4 of 2018)

Schedule 7   Corporations and Markets Advisory Committee

Part 1   Amendments

Australian Securities and Investments Commission Act 2001

9   Subsection 11(3)

Repeal the subsection, substitute:

(3) ASIC may, on its own initiative or when requested by the Minister, advise the Minister, and make to the Minister such recommendations as it thinks fit, about any matter connected with:

(a) a proposal to make corporations legislation, or to make amendments of the corporations legislation (other than the excluded provisions); or

(b) the operation or administration of the corporations legislation (other than the excluded provisions); or

(c) law reform in relation to the corporations legislation (other than the excluded provisions); or

(d) companies or a segment of the financial products and financial services industry; or

(e) a proposal for improving the efficiency of the financial markets.