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.
Is there a Minister for Men?
No, as no decent man would ever claim to speak for all men.
Higgins will dump her very soon I suspect…there are very, very powerful people in that electorate who want her head on a plate.
HA HA- Odwer minister for jobs! what a joke. She will kill off jobs just as she has done to financial services. Call her mrs brown thumb. Good Riddance you termite!!! Pity you didnt resign or get shafted to the back bench where you deserve to be. Cant wait for the election to boot you out of town all together.
She was a disaster. Bent over for the big end of town, tried to stop the Royal Commission and then blamed the big end of town when it uncovered her failings. Has utterly destroyed small independent small business and for mum and dads getting advice in the future. In typical Canberra fashion is then given a promotion and another person with no actual experience in financial services takes over. What a joke!
[quote=Vice Chancellor ]
…made compulsory for anyone above a Bank Teller.
[/quote]
“above”?
One thing that seems to be missed is appointing a new Minister for Financial Services. Which means there is not one. Am guessing it gets rolled up in Finance or Treasury, where it’ll become a small component of Corman or Frydenberg’s responsibilities so the Minister assisting them is probably the go to guy.
I’m a big fan. I’m hoping her new job will mean rolling out FASEA to other industries. By making existing Degrees obsolete and extending FASEA to other sectors it will definitely create more money for me,,, opps.. I mean more jobs in Universities. I guess however Private Sector Education will die a natural death but, who cares.
On the ideas board already is all Bank employees & heck why not Mortgage Brokers as well… be required to have a Degree by 2023 and their existing Degrees in Finance will not be counted. A brand new fee generating “Bachelor in Banking” with bridging courses should be made compulsory for anyone above a Bank Teller. A Diploma in Mortgage Broking just won’t cut it. IT, Legal and Medical should be the next industries. Better get started writing my new text book I think.
Unless you are at the coal face delivering advice to the consumer, you really have no idea what is going on. Kelly may have been incompetent in the role, but so too senior management in the industry (see Royal Commission).
And there will be another Minister appointed within the next twelve months. Luckily we have good public servants to guide Ministers.
You say “luckily we have good public servants…”. Really? I think many leave a lot to be desired and have no idea about financial services and what individuals and businesses have to do just to survive.
Take ASIC and APRA for example, a large number of over paid people who have been asleep at the wheel.
Bigal, I think you took the bait.
You mean the public servants that:
1) helped ODwyer make Super the most complicated it’s ever been because they forced the changes without consulting industry.
2) The same Buffoons who arrogantly think FASEA is the inventor of everything in Finance Education and nothing else before counts.
3) The same crooks that designed LIF on the now proven Adviser Churn problem that ASIC said is almost non existent.
4) And yeh these morons gave us a Independent Adviser definition to make almost all non bank owned advisers look that same as bank advisers.
5) But wait there is still CIPR in the development, one of the most complex financial and estate planning products that will supposedly be sold over the phone by call centre jockeys and back packers.
6) And lets not forget most of these public service legends have their own Gold Plated Life Time pensions waiting for them at early retirement from 55 on. So they dont have to see anything in the real world or understand it at all.
Sounds like bloody good public servants to me – NOTTTTTTTTTTTTT !!!!!!!
O’Dwyer and her Public Service nincompoops – please someone save us.
Two fish with such a small amount of bait.
Now that Kelly is Minister for Jobs, Industrial Relations and Women, it will be interesting to see what happens in those areas given her chequered past with financial services. Kelly how about starting with something positive that will not only help FP businesses keep their current staff but perhaps even consider employing some more to help grow…?
Good riddance. She was an awful minister who had no idea what was going on.
I suppose the old adage that every cloud has a silver lining applies here.
Good riddance to O’Dwyer – she caused a lot of damage to the financial services sector, she should have been demoted to toilet cleaner IMO
She is not qualified to clean toilets! She needs to go back to school to understand how to do that.
It’s hard to imagine the new minister can possibly be more Arrogant and more destructive to Financial Advisers and Superannuation than Over Complicated O’Dwyer.
I am very pleased to see the end of O’Dwyer in Financial Services portfolio !!!!!!!!!!!!!!!!!
O DWYER MINISTER FOR JOBS ETC—MASSIVE FAILURE NUMBER TWO COMING UP