29 Aug 2018

No ministers named for financial services and superannuation. No one is putting their hand up, maybe its hot potato.

No ministers named on frontbench. (Remember Our new PM opposed the Royal Commission.)
By The Business presenter Elysse Morgan

No one in the Morrison Government can say who will be taking the reins of the financial services portfolio, despite the scandal-plagued sector hurtling towards upheaval thanks to the banking royal commission.

Opposition and senior industry figures condemn omission

For the first time in many years, the Federal Government has not included a designated financial services minister — a position most recently held by the new Industrial Relations Minister, Kelly O'Dwyer.

That is despite the final report of the financial services royal commission being due within six months.

For the first time since 2007, neither is there a dedicated minister for the $3 trillion superannuation industry.

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