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.