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Companies and Securities Advisory Committee

Section 1: Overview, appropriations and budget measures summary

Overview

The Companies and Securities Advisory Committee (CASAC) was established in September 1989. Its role, as set out in Section 148 of the Australian Securities and Investments Commission Act 1989 (the ASIC Act), is to advise the Minister on any matters concerning the Corporations Law or improving the efficiency of securities and futures markets. CASAC may undertake reviews on its own initiative, as well as at the request of the Minister.

The Legal Committee was established in September 1991 to provide expert legal analysis, assessment and advice to the Advisory Committee.

The Treasurer appoints the members of the Advisory Committee and Legal Committee in their personal capacities.

Appropriations

The total appropriations for CASAC in the 2001-02 Budget are $0.9 million (see Table 1.1 on the following page).

Part C: Agency Budget Statements - CASAC

Companies and Securities Advisory Committee - appropriations 2001-02

Table 1.1: Appropriations and other revenue

(1) C1 and E1 refer to information provided in Table 2.1. K1 refers to information provided in Table 3.1.

* Percentage figures indicate the percentage contribution of revenue from government (agency appropriations) to the total price of outputs, by outcome.

Administered capital and agency equity injections and loans

CASAC does not have an appropriation for an equity injection or loan or an appropriation for administered capital in 2001-02.