I want to pay tribute to my friend Stephen Jones, who has announced today that he will not be contesting the next election.
I've had the privilege of working with Stephen in the Treasury portfolio for almost six years; nearly half of that time as Ministers in the Albanese Labor Government.
Stephen has big ideas, makes big contributions and is a terrific colleague.
He will leave a proud legacy as Assistant Treasurer and Minister for Financial Services, having advanced reforms to strengthen Australia's superannuation and financial systems, modernise markets and improve the integrity of our tax system.
He has delivered reforms that will allow more Australians to retire with dignity, and has helped make financial advice more accessible.
Stephen championed and delivered consumer protections from predatory lending and has better regulated Buy Now, Pay Later providers.
He played an important role finalising the response to the Banking Royal Commission, and has led critical work to combat scams, including the introduction of landmark legislation.
I'm looking forward to continuing to serve with Stephen until the election.
