The Federal Government has yet to name a new minister with oversight of the financial services sector after the former Minister, Kelly O’Dywer, was moved into a new role as part of a Cabinet reshuffle.
O’Dwyer has been named as the Minister for Jobs, Industrial Relations and Women, vacating her previous role which she held since July 2016, after the former Treasurer,
Scott Morrison, took on the role of Prime Minister following a leadership spill in the Liberal Party.
As part of the reshuffle, WA Senator Matthias Cormann has retained his position as Minister for Finance while the Minister for the Environment, Josh Frydenberg has been named as Federal Treasurer.
Additionally, Queensland MP, Stuart Robert has been named as Assistant Treasurer and ACT Senator Zed Seselja as Assistant Minister for Treasury and Finance.
A list of cabinet and ministry positions released by the Morrison Government shows that no-one has yet been handed the financial services portfolio, and that it is not listed among the appointments.
In the past, however, the portfolio of financial services has been held by the Assistant Treasurer, including Bill Shorten under the Gillard Government, Arthur Sinodinos under the Abbott Government, Frydenberg under the Abbott and Turnbull Governments, and O’Dywer under the Turnbull Government until the role was made separate in July 2016.
Ministers will be sworn into their new roles on 28 August and it is likely further portfolio details will be released after that date.
good riddance!
Well, she out of ignorance and sheer bl–dy mindedness, has wrecked the life insurance industry through the LIF legislation by sacrificing independent advisers on the left leaning “chopping block” .
She like her fearless leader before her should have headed to that place called “oblivion” and best forgotten,, before she wreaks havoc elsewhere..
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