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The Corporations and Markets Advisory Committee (CAMAC) was established in 1989 under the Australian Securities and Investments Commission Act 2001 to provide advice and recommendations to the Minister about matters relating to corporations and financial services law, administration and practice.
As part of the 2014-15 Budget, the Government announced its decision to cease the operation of CAMAC and its legal committee. CAMAC was abolished by Schedule 7 of the Statute Update (Smaller Government) Act 2018, which commenced on 21 February 2018.