Congratulations flowed from all corners of the financial advice sector following news Dr Daniel Mulino had accepted the role of Assistant Treasurer and Financial Services Minister in the newly-elected Federal Government.
CEO of the FSC Blake Briggs said Dr Mulino has a good understanding of the economic contribution financial services industry makes to the Australian economy, as well as a balanced view on the opportunities and challenges the sector faces.
Briggs said the minister is recognised as a thoughtful and consultative member of parliament, and has brought this approach to his policy development since first being elected in 2019.
Sarah Abood, CEO, FAAA, said: “Dr Mulino has a strong background in finance and economics, and we welcome the opportunity to work with him on issues such as the Delivering Better Financial Outcomes reforms, and fixing the Compensation Scheme of Last Resort.
See: Meet the Minister for Financial Services
“These are priorities that our members are keen to see addressed quickly by the Federal Government.”
Christine Cupitt, CEO, CALI, said Dr Mulino has a clear track record of improving outcomes in the insurance industry.
“He understands the protection needs of all Australians and the importance of access to a strong financial safety net.”
Dr Mulino is Chair of the House Standing Committee on Economics, and a member of the Parliamentary Joint Committee on Corporations and Financial Services. He replaces Stephen Jones who stepped away from politics ahead of the recent Federal Election. See our report: Minister Resigns.
