Superannuation dropped from ministerial list in shadow cabinet reshuffle

Shadow Ministry reshuffle, superannuationSuperannuation no longer has a named minister in the shadow cabinet, after a reshuffle.

Jim Chalmers, formerly the Shadow Minister for Financial Services and Superannuation – among other positions – is now the Minister for Finance.

“I’m really pleased to take up the Finance portfolio and to join some terrific colleagues in Labor’s new Shadow Cabinet,” said Dr Chalmers.

“The Finance portfolio is all about ensuring Australians receive value for money from their taxes and that we continue to invest responsibly in people and in the future.”

It appears that some superannuation responsibilities will be in the portfolio of Shadow Minister for Small Business and Financial Services, held by Katy Gallagher.

“I am honoured to be appointed as Shadow Minister for Small Business and Financial Services today in Bill Shorten’s front bench team,” said Ms Gallagher.

“In the financial services portfolio it is clear that the Government continues to be deeply divided over their planned changes to superannuation. Ensuring the integrity and fairness of the super system remains a priority for Labor.”

“A strong financial services industry is critical to Australia’s continued economic prosperity.”

“I look forward to working with portfolio stakeholders and my caucus and parliamentary colleagues in my new role and particularly acknowledge the hard work of Michelle Rowland and Jim Chalmers in these portfolio areas over the past year. ”

Matt Thistlethwaite is the new Shadow Assistant Minster for Treasury and Julie Owens the new Shadow Assistant Minster for Small Business.

Chris Bowen remains the Shadow Treasurer. Andrew Leigh remains as Shadow Assistant Treasurer and will also be the Shadow Minister for Competition and Productivity in addition to other positions.

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