Minister for Revenue and Assistant Treasurer
26 November 2001 - 17 July 2004
Portfolio - Minister for Revenue and Assistant Treasurer
Assists the Treasurer in the development, implementation and administration of policies, including in the following areas:
The design of taxation laws;
Administration of taxation laws and administrative matters relating to the Australian Taxation Office; and
Taxation proposals in relation to compliance.
Taxation policy and administration in relation to superannuation.
Prudential Regulation and Financial Institutions
Administration of the Australian Prudential Regulatory Authority;
Prudential regulation of superannuation and insurance but not the banking system;
HIH Claims Support; and
Levies on financial institutions; cheques and bills of exchange.
Availability and affordability of insurance including: professional indemnity;
public liability; terrorism; medical indemnity; natural disasters; and home-builders
Chairing of the Ministerial Meeting on Insurance Issues.
Ministerial responsibility for achieving Government objectives in regard to financial literacy in raising public awareness and fostering initiatives that will build the capacity of Australians to make better decisions about their money.
Representational duties, correspondence and administrative matters in general
Portfolio matters as referred by the Treasurer.