The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of Bill Shorten

Bill Shorten

Minister for Financial Services & Superannuation

14 September 2010 - 1 July 2013

Ministerial Responsibilities within the Treasury Portfolio

Minister for Financial Services and Superannuation

Assists the Treasurer in the development, implementation and administration of policies in the following areas:

Financial services

  • Financial markets conduct, disclosure, investor protection and supervision issues (excluding monetary and foreign exchange policy).
  • Design, implementation and administration of legislation relating to markets, services and products including payday lending.
  • Administration, and further development, of national consumer credit policy.

Prudential regulation and financial institutions

  • Administration of the Australian Prudential Regulation Authority (APRA).
  • Prudential regulation of banking, insurance and superannuation.
  • Levies on financial institutions, cheques and bills of exchange.

Australia as a financial services hub

  • Financial market linkages between Australia and overseas.

Superannuation

  • Policy and administration including taxation and prudential regulation in relation to superannuation, and responsibility for the Australian Government Actuary.
  • Consultation and implementation of the recommendations of the Cooper Review.

Other

  • Treasury portfolio aspects of:
  • Problem gambling reform.