Minister for Revenue

and Assistant Treasurer

Parliamentary Secretary

to the Treasurer

Assists the Treasurer in the development,

implementation and administration of policies, including in

the following areas:

Taxation

• Taxation policy including the design of taxation laws;
• Implementation of the business tax reforms;
• Administration of taxation laws and administrative matters

  relating to the Australian Taxation Office; and

• Taxation proposals in relation to compliance.

Superannuation

• Taxation policy and administration in relation to superannuation.

Prudential Regulation and Financial Institutions

• Administration of APRA;
• Prudential regulation of superannuation and insurance but

  not the banking system;

• Government response to the HIH Royal Commission;
• HIH Claims Support;
• Safety of superannuation review, and
• Levies on financial institutions; cheques and bills of

  exchange

Other Responsibilities

• Representational duties, correspondence and administrative

  matters in general Portfolio matters as referred by the Treasurer.

Assists the Treasurer in the development,

implementation and administration of policies in the following

areas:

Financial Markets

• Financial market conduct, disclosure and supervision issues

  (excluding prudential, monetary and foreign exchange policy)

  including the design, implementation and administration of

  legislation relating to markets, services and products.

• Securities market linkages between Australia and overseas.

Corporate Governance

• Design of law and regulations for corporate governance,

  and

• Administration of ASIC and representation on MINCO.

Foreign Investment

• Dealing with individual cases, other than major and / or

  sensitive cases.

Competition and Structural Reform

• Australian Competition and Consumer Commission and the

  Productivity Commission.

Consumer Affairs

• Responsibility for implementation and administration of

  consumer protection policy, including education and consumer

  product safety, and consultative arrangements with the States

  and industry bodies.

Other responsibilities

• Representational duties, correspondence and administrative

  matters in general Portfolio matters as referred by the Treasurer.

• ABS, HLIC and RAM; currency and coinage and Office of Regulation

  Review.