Formerly minister for financial services and revenue, Kelly O’Dwyer is now Minister for Jobs and Industrial Relations, while staying on as Minister for Women. Zed Seselja has taken on the role of Assistant Minister for Treasury and Finance.
Mr Seselja is one of several pro-Dutton politicians to take up a role in Mr Morrison’s cabinet, having told Fairfax Media last week that Home Affairs Minister Peter Dutton could “connect with people in large parts of Australia”.
Josh Frydenberg will become Treasurer and Stuart Robert will replace Michael Sukkar as Assistant Treasurer.
Mathias Cormann will continue as Minister for Finance and the Public Service.
The problem with ministers is that none of them have appropriate qualifications, knowledge about industries and experience in those industries of which they are appointed as ministers to make decisions on behalf of people who are trying to make a living and to provide for their own retirement. It is not only the SMSF sector, it is education, small business and, actually all portfolios. None of them have any idea what they are doing there. It applies to all political parties. I would think business people should be appointed as ministers and not people that “comes through the ranks putting up posters and say ‘yes’ to everything the seniors wants them to do”.
When there is a highly experienced business person willing to undertake a ‘public service’, as was Malcolm Turnbull, he is hammered for not be ‘political enough’.
He had the financial resources to make the choice to join politics and, he had a lot to offer. Unfortunately for him, he wasn’t prepared to play the childish, incessant games that most of them engage in.
Couldn’t agree more that the portfolio custodians that we get served up are clueless, as is Treasury, and the ATO.
ODwyer will not be missed. Gave nothing to the smsf space
The government cannot have it both ways .no pensions and keep tampering with the PEOPLES money in super not on wake up
Completely unclear which minister is responsible for superannuation, including SMSFs.
Superannuation is the backbone of the Australian financial services landscape with more than $2.6 trillion invested, largely in the Australian economy. SMSFs by themselves control sizable stakes in the banking sector with more than $700 billion in assets under management. Surely it is time for a dedicated superannuation minister or at least assistant minister. If there is no-one to listen in earnest to industry, then knee-jerk responses to Royal Commissions and Budget repair will continue. We are talking about Australians’ retirement income that has been sacrificed from their salaries.