Corporations and Markets Advisory Committee (Board)
On 13 May 2014, the Government announced in the Ministerial Paper Small Government - Smaller and More Rational Government that the Corporations and Markets Advisory Committee will be ceased.
The Corporations and Markets Advisory Committee (CAMAC) was set up in 1989 to provide a source of independent advice to the Australian Government on issues that arise in corporations and financial markets law and practice. CAMAC members are appointed on the basis of knowledge and experience in business, financial markets, law, economics or accounting, and serve on a part-time basis. CAMAC is assisted by a Legal Committee, whose members have expertise in corporate law. CAMAC's functions, pursuant to s 148(1) of the ASIC Act, are, on its own initiative or when requested by the Minister, to advise the Minister, and to make such recommendations as it thinks fit, about any matter connected with: (a) a proposal to make corporations legislation or to amend that legislation; (b) the operation or administration of that legislation; (c) law reform in relation to that legislation; (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.
Type of Body
R. Management Board
Established By / Under
PGPA Rule (Schedule 1)
Max No. of Board/Committee Members
Annual Report Prepared and tabled?
X. Internal Management
1 July 1989