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