To investigate and scrutinize individual and specific public capital expenditure projects.

[a] to inquire into, consider and report on any public work referred to it by or under this Act, including:
i. the stated purpose of the work;
ii. the necessity or advisability of constructing it;
iii. where the work purports to be of a revenue-producing character, the revenue that it might reasonably be expected to produce;
iv. the present and prospective public value of the work;
v. the recurrent or whole-of-life costs associated with the work, including costs arising out of financial arrangements;
vi. the estimated net effect on the Consolidated Account or the funds of a statutory authority of the construction and proposed use of the work;
vii. the efficiency and progress of construction of the work and the reasons for any expenditure beyond the estimated costs of its construction.

[b] to perform such other functions as are imposed on the Committee under this or any other Act or by resolution of both Houses.