As declared on Monday afternoon, Jane Hume is now the Minister for Financial Services, Superannuation, the Digital Economy and Women’s Economic Security.
The change is one among a raft rolled out by the government, which has seen Prime Minister Scott Morrison introduce a cabinet task force on women’s equality, safety, economic security and health and wellbeing.
Mr Morrison and newly appointed Minister for Women Marise Payne will co-chair the task force. It will comprise all female members of the ministry, as well as the portfolio ministers from the central agencies: Treasurer Josh Frydenberg, Deputy Prime Minister Michael McCormack and Minister for Finance Simon Birmingham.
The government cabinet now counts seven women in its midst, leaving it with the “strongest female representation” it has ever had, Mr Morrison noted.
“What we must do is address the government’s agenda with the changes we’re making and do so, with a fresh lens,” Mr Morrison said.
“And that fresh lens with achieving the outcomes, the results, that we all want for Australian women, right across the country.”
The changes have come following the Prime Minister and Liberal Party copping a wave of criticisms in recent weeks, for how it has handled rape and sexual misconduct allegations within the party.
Linda Reynolds has been demoted from the ministry, now taking responsibility for the NDIS, with Peter Dutton replacing her as the country’s Defence Minister and shedding his role as Minister of Home Affairs.
Michaelia Cash has also taken the roles of Attorney-General and Industrial Relations Minister, with former attorney-general Christian Porter becoming Minister for Industry, Science and Technology.
Senator Stuart Robert has moved from government services to take the title of Employment Minister, replacing Ms Cash.
Defence Industry Minister Melissa Price has also returned to cabinet in her existing portfolio.
Minister Hume was promoted to the ministry from her prior role of assistant minister at the end of last year, as part of the last cabinet reshuffle.
MIA Jane already had far too much she was NOT achieving.
How wonderful this LNP Govt promote those who do nothing. What an absolute farse is this LNP Govt.
As a life long, born & bred blue blood Liberal, I cannot wait to see the back of this Govt.
In my 22 years as an Adviser there have been 8 elections with only 2 Labor Governments and 6 Liberal Governments.
In that 22 years, starting with the LNP implemented Financial Services Reform Act.
[b]We have had 20 plus years of exponentially increasing BS REGS & RED TAPE increases.[/b]
To the point now of utter STRANGUALTION BY REGULATION of Real Advisers.
Ms Hume and ASIC say they want more affordable advice.
And just in the last 2 weeks we have:
i) 160% ASIC Adviser fee increase, ASIC funding model started by Frydenberg.
ii) And complete 2nd layer AFSL compliance for Adviser Fees via platforms. Duplication costly madness.
And we found that ASIC had secretly Paid for Comment from so called highly conflicted academics to make FARSEA Standard 3 completely unworkable in the real world.
FARSEA Standard 6 is also so far reaching and wide ranging in the wider effect of Advice for clients and others that may be affected. Both completely at odds with making Advice more affordable.
[b]I blame LNP for at least 75% of this complete STRANGULATION BY OVER REGULATION on their time in Govt.
Time to get things changed or time to get a new Government.[/b]
Besides that, everything is going along OK. I’m not sure why your getting so wound up.
Initially I was thinking this would give Jane less time to focus on sorting out the issues within our industry, but then I realised she couldn’t go lower than the 0% she’s already at.