6 April 2019

Treasury Portfolio Appointments

I am pleased to announce a number of appointments.

Mr Adam Boyton, Chief Economist at the Business Council of Australia, and Ms Meghan Quinn PSM, Deputy Secretary of the Department of Treasury’s Macroeconomic Group, have been appointed to the Australian Statistics Advisory Council (ASAC) as part-time members. These are in addition to the reappointments of Professor Deborah Cobb-Clark, Professor of Economics at the University of Sydney, and Dr Luci Ellis, Assistant Governor (Economics) at the Reserve Bank of Australia.

ASAC provides advice to me, as the responsible Minister, and to the Australian Bureau of Statistics (ABS) on statistical issues, including addressing ways to maintain and enhance the quality of official statistics as well as providing input into ABS work priorities.

Ms Elissa Freeman and Ms Louise Lakomy have been appointed as part-time Directors of the Financial Adviser Standards and Ethics Authority (FASEA). They will be joined by Ms Carolyn Bond AO and Ms Deborah Kent, who have both being reappointed. All of their tenures are for three years from 11 April 2019.

The FASEA was established in April 2017 to set the education, training and ethical standards of licensed financial advisers in Australia.

Mr William (Bill) Edge has been reappointed as Chair of the Financial Reporting Council (FRC). Dr Stein Helgeby, Ms Suzanne Bell, and Mr Lawrence Tremaine will join Mr Edge on the board. The Chair and Dr Helgeby have been reappointed for a three-year period from 29 July 2019, and Ms Bell and Mr Tremaine are new members that have been appointed for the same period.

The FRC is the peak body responsible for overseeing the effectiveness of the financial reporting framework in Australia, with it having oversight of the accounting and auditing standards setting processes for the public and private sectors.

Messrs David Brown, Michael Gronow, Cameron McKenzie and David Miller have all been reappointed as part-time members of the Insolvency Practitioner Registration and Disciplinary Committees (the Committees).

The Australian Securities and Investments Commission (ASIC) convenes the Committees to make decisions on liquidator registration applications and disciplinary matters.

I thank all outgoing board members from all organisations.