Former ACT chief minister gets Financial Services portfolio
Former Australian Capital Territory chief minister and public sector union official, Senator Katy Gallagher, has been named as the new Shadow Minister for Financial Services and Small Business.
Gallagher is a former Canberra social worker and official of the Community and Public Sector Union and was Chief Minister of the ACT Labor Government for three years between 2011 and 2014 prior to which she was also ACT Treasurer as well as holding a number of other portfolios in the small territory Government.
Gallagher is regarded as being a beneficiary of the rise and rise of the former Opposition spokesman on Financial Services, Dr Chalmers, who has been elevated to the position of Shadow Finance Minister, directly opposite the Minister for Finance, Senator Mathias Cormann.
Chalmers is regarded as a substantial author of the ALP's financial services policy and was a chief of staff to former Labor Treasurer, Wayne Swan.
Gallagher holds a Bachelor of Arts in Political Science and Sociology from the Australian National University.
Recommended for you
The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.
Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.
ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory framework.
A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes an independent body is needed.
