Corporations and Markets Advisory Committee
CAMAC
11 March 2002 – 21 February 2018
Previously Companies and Securities Advisory Committee (1991–2002).
Statutory advisory committee that gave independent advice to the Commonwealth on corporations and financial markets law, regulation and practice.
Names over time
- Companies and Securities Advisory Committee1991–2002
- Corporations and Markets Advisory Committee2002–2018
How it came into existence
Created on 11 March 2002 when the Financial Services Reform Act 2001 renamed the Companies and Securities Advisory Committee and extended its remit to financial markets; it was constituted under Part 9 of the Australian Securities and Investments Commission Act 2001.
- Advice on corporations and securities law reform
Legislation: Australian Securities and Investments Commission Act 2001 (Part 9)
Changes during its life
- 13 May 2014The 2014–15 Budget announced that the committee would cease operating; it did no further work after 2014 and was reduced to a single member from December 2014.
How it ended
Its abolition was announced in the 2014–15 Budget and it ceased operating in 2014; it was formally abolished on 21 February 2018 by Schedule 7 of the Statute Update (Smaller Government) Act 2018, leaving corporate law policy advice to the Treasury.
- Advice on corporations and financial markets law reform
Main functions
- Advice on corporations law reform
- Advice on financial markets regulation
- Discussion papers and reports on corporate law issues
- Technical law reviews by its Legal Committee
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
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Sources
Primary sources
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 11 December 2014 to 31 December 2017)