To investigate and scrutinize areas of Public expenditure and economic activity.

[a] to inquire into, consider and report on such of the following matters as are referred to it under this Act:
i.any matter concerned with finance or economic development
ii.any matter concerned with the structure, organisation and efficiency of any area of public sector operations or the ways in which efficiency and service delivery might be enhanced in any area of public sector operations;
iii.any matter concerned with the functions or operations of a particular public officer or a particular State instrumentality or publicly funded body (other than a statutory authority) or whether a particular public office or particular State instrumentality (other than a statutory authority) should continue to exist or whether changes should be made to improve efficiency and effectiveness in the area;
iv.any matter concerned with regulation of business or other economic or financial activity or whether such regulation should be retained or modified in any area.
[b] to perform such other functions as are imposed on the Committee under this or any other Act by resolution of both Houses.