At the request of Senator Bragg, I move:

That the following matter be referred to the Economics References Committee for inquiry and report by 25 November 2026:

Foreign currency loans (FCLs) issued by Australian banks, with particular reference to:

(a) the issuance of FCLs in the 1980s;

(b) the economic and consumer basis for FCLs;

(c) the governance of FCLs by Australian banks;

(d) responses to any complaints relating to FCLs;

(e) compensation arrangements;

(f) any outstanding claims for compensation;

(g) historical laws governing FCLs and their enforcement;

(h) law reform opportunities; and

(i) any other related matters.

The question is that business of the Senate No. 1, standing in the name of Senator Bragg, be agreed to.