In the new Kevin Rudd Ministry, the former Minister for Financial Services and Superannuation, Bill Shorten, has become Minister for Education and Minister for Workplace reforms.
This suggests responsibility for FOFA has passed to David Bradbury, who is now Assistant Treasurer, Minister for Competition Policy and Consumer Affairs, Minister Assisting for Deregulation, and Minister Assisting for Financial Services and Superannuation. The new Treasurer, Chris Bowen, who was Minister for Financial Services in 2009, will probably share the financial services role with Bradbury.