O’Dwyer removed from financial services role

Kelly O’Dwyer has been removed from the financial services portfolio as part of a cabinet reshuffle helmed by newly appointed Prime Minister Scott Morrison.

Mr Morrison unveiled his new cabinet on Sunday after he was elected leader of the Liberal Party on Friday, beating Peter Dutton 45 votes to 40.

Late on Friday, Mr Morrison and deputy Liberal leader Josh Frydenberg were sworn in as Prime Minister and Treasurer, respectively.

Mr Morrison's new ministry, revealed on Sunday, will see Stuart Robert serve as Assistant Treasurer and Zed Seselja fill the role of Assistant Minister for Treasury and Finance.


Mathias Cormann will retain his role of Minister for Finance, despite resigning alongside Mitch Fifield and Michaelia Cash on Thursday in a move that effectively ended Malcolm Turnbull's prime ministership.

Ms O'Dwyer will take on the new role of Minister for Jobs, Industrial Relations and Women.

Last week, Equilibria Finance managing director Anthony Landahl told ifa the instability caused by the Liberal Party’s leadership spill presents a challenge to advice practices, but added that clients “genuinely need the services of good mortgage brokers and good advisers more than ever” as a result of the added uncertainty.

O’Dwyer removed from financial services role
Kelly O'Dwyer, Scott Morrison, Liberal Party, financial services minister, cabinet, cabinet reshuffle, Michaelia Cash, Peter Dutton, Stuart Robert, Zed Seselja
ifa logo

The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.