Corporations and Markets Advisory Committee
Section 1: Overview, appropriations and budget measures summary
Overview
The Corporations and Markets Advisory Committee (CAMAC), prior to 11 March 2002 called 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 2001 (the ASIC Act), is to advise the Minister on any matters concerning the Corporations Law or improving the efficiency of financial markets. CAMAC 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 appropriation for CAMAC in the 2002-03 Budget is $0.9 million. Table 1.1 on the following page provides this detail.
Corporations and Markets Advisory Committee - appropriations 2002-03
Table 1.1: Appropriations and other revenue ($`000)
1. References C1 and E1 refer to information provided in Table 2.1. K1 refers to information provided in Table 3.1, Budgeted Statement of Financial Performance.
2. Refer to Budgeted Statement of Financial Performance in Table 3.1 for application of agency revenue.
3. Revenue from other sources includes other revenue from government (for example, resources free of charge) and revenue from other sources (for example, sales of goods and services). Non-appropriated agency revenues are detailed in Appendix 1.
Note: Percentage figures indicate the percentage contribution of revenue from government (agency appropriations) to the total price of outputs, by outcome.
Equity injections and loans
CAMAC does not have an appropriation for an equity injection or loan in the 2002-03 Budget.
