Inaugural AFCA board announced

Two lawyers, a consumer advocate and one financial planner make up ministerial appointments to the board of the new Australian Financial Complaints Authority (AFCA).

The Minister for Revenue and Financial Services, Kelly O’Dwyer announced that the one financial planner on the board was Sydney-based planner, Claire Mackay, alongside lawyers Andrew Fairley and Alan Wein, and consumer advocate Erin Turner.

The AFCA board will eventually grow to 11 directors consisting of an equal number of industry and consumer directors, with Mackay being regarded as an industry director alongside Fairley while Turner and Wein are regarded as consumer directors.

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The minister announced earlier this year that the authority would be chaired by a former financial services minister in the Howard Liberal Government, Helen Coonan, also a lawyer.

O’Dwyer said the appointments would take effect from 4 May.

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