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Prime Minister-elect Tony Abbott has announced the Federal Government’s new ministry, moving financial services to be included as part of the Treasurer’s portfolio.
Senator Mathias Cormann, who has been the shadow Treasurer and shadow Minister for financial services and superannuation for the past three years, will take over the finance portfolio. Senator Arthur Sinodinos has been appointed Assistant Treasurer.
The Financial Services industry is generally expected to welcome the new portfolio appointments given Cormann’s continued involvement in finance and Sinodinos’ involvement in the sector
