Video: Shadow Assistant Treasurer & Shadow Minister for Finance Services

• Commitment to Industry Engagement: Mr Conaghan said he plans to attend next year’s AFIA conference and values direct dialogue with businesses. Their diverse background—including small business ownership, law, and policing—shapes a practical understanding of industry challenges.

• Championing Regional Finance Access: As the first Nationals member to hold a Treasury portfolio in 70 years, Mr Conaghan emphasised the importance of inclusive finance for regional Australians, especially where traditional options are limited.

• Support for Innovation & Competition: Acknowledges the wide range of financial products but warns that without innovation, consumer choice narrows. Endorses CFR review recommendations that empower smaller banks and alternative lenders to boost competition.

• Payments Reform & Regulatory Safeguards: Mr Conaghan recognised ongoing industry concern about payments reform, particularly RBA regulatory decision and interchange fees. He highlighted a successful Coalition-led Senate initiative to make RBA payments regulatory changes disallowable, ensuring industry voices are heard.

• Recognition of Industry Resilience: He commended the finance sector’s adaptability and innovation, noting that businesses—not governments—drive real outcomes for consumers and communities.

• Looking Ahead to Continued Collaboration: Mr Conaghan reinforced a commitment to future engagement, expressing enthusiasm for next year’s conference and ongoing collaboration with the finance industry.