In revealing his new cabinet yesterday, Prime Minister Scott Morrison named senator Jane Hume the Assistant Minister for Superannuation, Financial Services and Financial Technology.
Prior to entering the Senate, Ms Hume was previously a senior policy adviser for industry fund AustralianSuper. Before that, she had held roles for the National Australia Bank, Rothschild Australia and Deutsche Bank.
Michael Sukkar will be the Assistant Treasurer, taking over from Stuart Robert who had been in the role since August last year, as well as the Minister for Housing.
Mr Morrison said Mr Sukkar would have particular responsibility for the First Home Loan Deposit Scheme, which was announced and committed to during the election, as well as more affordable housing.
Mr Robert has been shuffled to become the Minister for the National Disability Insurance Scheme and the Minister for Government Services.
Meanwhile, Josh Frydenberg continues in his capacity as Treasurer.
“We are a government that is back at work and the ministry will be sworn in on Wednesday. The party room comes together on Tuesday, cabinet will meet on Wednesday,” Mr Morrison said. “I look forward to working with my new team.”
Unfortunately has a time bomb at her feet . The new First home deposit scheme s like a time bomb for newby property investors and a recipe for eventual disaster .. Don’t save up a decent deposit , just use the tax payer to fund you go figure !!!!
your kidding – a former industry fund senior policy adviser. Chances of a level playing field = 0
My positive vibe for today… This minister will be better. ?
Well at least we now have a blank canvass to work off but I’m a little skeptical about her working for Aus Super in the past.
I hope that her stint at Australian Super has not tainted her outlook. Whilst Greg Combet has asked for a truce between industry funds and the rest of the world, we need a Minister who has the intestinal fortitude to create a level playing field in super and insurance. We need the Minister to seriously look at the implications of O’Dwyer’s legislation and make changes where she can. That requires a close relationship with advisers. So, everyone who cares, write to the Minister in a positive and constructive way… Including using terms of respect not derision for her position.
Let’s hope she has been appointed on merit. Unlike Kelly O’Dwyer.
I have seen Jane on Sky many times, she is quite smart and an asset to the Liberals. However i have no idea on her views/position in regards to Financial Services. I just hope our industry bodies like the AFA/FPA make immediate contact with her and discuss all the wonderful issues and complications her predecessor Kelly O’Dwyer (aka LIF) has caused both short and long term and the detriment to consumers. Not to mention FASEA, abolishing GF etc…..