COMMITTEES

Senator ASKEW (Tasmania—Chief Opposition Whip in the Senate) (15:55): At the request of Senator Dean Smith, I move: That the following matter be referred to the Economics References Committee for inquiry and report by 30 October 2026: Existing vulnerabilities in the Reserve Bank Information and Transfer System Low Value Clearing and Low Value Settlement Services systems, with particular reference to: (a) the Reserve Bank of Australia's report, 27 January 2026 payments settlements outage: RITS Low Value Clearing and Settlement Services and property batch disruption; (b) the impact of disruption on consumer and industry confidence in property settlement services; and (c) any other related matters.

The PRESIDENT: The question is that business of the Senate 1, standing in the name of Senator Dean Smith and moved by Senator Askew, be agreed to.