Assistant Treasurer and Minister for Financial Services & Superannuation
14 September 2010 - 14 December 2011
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 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.
- 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.
- 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
- Design of taxation law as delegated by the Treasurer.
- Administration of taxation laws and administrative matters relating to the Australian Taxation Office.
- Taxation proposals in relation to compliance.
- Dealing with individual cases other than major and/or sensitive cases.
- Oversight of the Foreign Investment Review Board (FIRB).
- Representational duties, correspondence and administrative matters in general portfolio matters as referred by the Treasurer.
- The Housing Loans Insurance Corporation (HLIC).
- The Australian Bureau of Statistics (ABS).
- The Royal Australian Mint including currency and coinage.
- The Board of Taxation.
- Productivity Commission (PC).