{"id":77584,"date":"2025-06-06T10:49:30","date_gmt":"2025-06-05T23:49:30","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=77584"},"modified":"2025-06-10T14:10:43","modified_gmt":"2025-06-10T03:10:43","slug":"faaa-meets-with-minister-mulino","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/06\/06\/faaa-meets-with-minister-mulino\/","title":{"rendered":"FAAA Meets with Minister Mulino"},"content":{"rendered":"<p>The FAAA reports a positive first-meeting with Assistant Treasurer and Minister for Financial Services, <strong>Dr Daniel Mulino<\/strong>, following his appointment last month.<\/p>\n<p>FAAA CEO <strong>Sarah Abood<\/strong> and Chair <strong>David Sharpe<\/strong> met with the Minister in Melbourne on Wednesday 4 June, describing the discussions as encouraging.<\/p>\n<figure id=\"attachment_77241\" aria-describedby=\"caption-attachment-77241\" style=\"width: 150px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77241\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/05\/fraser-daniel-mulino.png\" alt=\"Dr Daniel Mulino has accepted the role of Assistant Treasurer and Financial Services Minister.\" width=\"150\" height=\"180\" \/><figcaption id=\"caption-attachment-77241\" class=\"wp-caption-text\">Dr Daniel Mulino, Assistant Treasurer and Financial Services Minister.<\/figcaption><\/figure>\n<p>\u201cThe Minister acknowledged the issues facing our profession, and agrees the DBFO reforms are a priority,&#8221; Abood said in a statement.<\/p>\n<p>&#8220;He is focused on releasing the remaining tranche of the reforms as quickly as possible.&#8221;<\/p>\n<p>However, top of the agenda was the CSLR. According to Abood, Mulino recognises industry concerns with regard the scheme, with a final Treasury report and a formal estimate for the FY26 levy expected early in the new financial year.<\/p>\n<p>The FAAA has submitted a comprehensive response to the CSLR review and is awaiting the Government\u2019s response.<\/p>\n<figure id=\"attachment_75332\" aria-describedby=\"caption-attachment-75332\" style=\"width: 150px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-75332\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/01\/Sarah-Abood.jpeg\" alt=\"Sarah Abood.\" width=\"150\" height=\"180\" \/><figcaption id=\"caption-attachment-75332\" class=\"wp-caption-text\">Sarah Abood.<\/figcaption><\/figure>\n<p>\u201cWe\u2019re eager to understand the actions the Government plans to take,\u201d said Abood.<\/p>\n<p>The meeting also touched on long-term strategies to ensure the sustainability of the financial advice profession, including reducing compliance costs and red tape, and boosting adviser numbers \u2013 which currently stand at just over 15,500.<\/p>\n<p>\u201cWe look forward to working closely with Minister Mulino on these issues to achieve positive change for financial advisers and Australian consumers,\u201d said Abood.<\/p>\n<p>See\u00a0<a href=\"https:\/\/riskinfo.com.au\/news\/2025\/05\/13\/meet-the-minister-for-financial-services\/\" target=\"_blank\" rel=\"noopener\">Meet the Minister for Financial Services<\/a> and <a href=\"https:\/\/riskinfo.com.au\/news\/?s=cslr\" target=\"_blank\" rel=\"noopener\">our reports on the CSLR<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FAAA reports a positive first-meeting with Assistant Treasurer and Minister for Financial Services, Dr Daniel Mulino, following his appointment last month. FAAA CEO Sarah Abood and Chair David Sharpe met with the Minister in Melbourne on Wednesday 4 June, describing the discussions as encouraging. \u201cThe Minister acknowledged the issues facing our profession, and agrees [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":77587,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282,8282],"tags":[],"class_list":["post-77584","post","type-post","status-publish","format-standard","has-post-thumbnail","category-associations","category-government"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/77584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=77584"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/77584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/77587"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=77584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=77584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=77584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}