359:(ASIC), and oversight of the Australian stock market, during the most serious global financial crisis in 75 years. During the global financial crisis Minister Sherry implemented a range of measures aimed at stabilising aspects of the regulatory system and enhancing the oversight of key market participants. These measures included a legislative ban on
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Superannuation System, also known as the Cooper Review, after its head Jeremy Cooper. The Cooper Review was the first systemic, in-depth review of the operation, efficiency, cost and performance of
Australia's compulsory $ 1.1 trillion the superannuation system ever conducted. The Gillard Government released the Cooper Review on 5 July 2010.
407:'s government, Sherry was appointed Minister for Small Business on 14 September 2010. He was also the Minister Assisting or Deregulation and Public Sector Superannuation and Minister Assisting on Tourism. At the 2011 Labor National Conference Sherry told Gillard he wanted to step down from the cabinet as part of the upcoming cabinet reshuffle.
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From 1991 to 2003, Sherry was a key member of, and under Labor chaired, the Senate Select
Committee on Superannuation. This committee made a number of recommendations on the performance of the superannuation industry including the key Senate breakthrough that led to the introduction of the Compulsory
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After the defeat of the
Keating government, Sherry was elected Deputy Leader of the Opposition in the Senate and held many positions in the front bench including Shadow Minister for Finance and Shadow Assistant Treasurer. He also held Shadow Ministries for financial services, banking, superannuation,
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While State
Secretary, Sherry also helped establish the HostPlus Superannuation Fund, an industry superannuation fund then only for hospitality industry workers, but now a full public offer fund with over $ 7 billion under management. Sherry held the position of trustee of HostPlus from 1987 to
314:
Sherry took time away from the Shadow
Ministry, but returned to the frontbench in 2001 as Shadow Minister for Retirement Incomes and Savings, a position he held until 2004. In 2004 Sherry was appointed as the Shadow Minister for Finance and Superannuation and in 2005 he was appointed as the Shadow
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As
Australia's first Minister for Superannuation, Sherry spoke often about the need to lower fees in the industry to provide better retirement incomes for Australians. This culminated in the Minister setting up the Review into the Governance, Efficiency and Structure and Operation of Australia's
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In 2011, Nick Sherry, the Small
Business Minister of the time, received widespread national criticism when he was reported in the national media to have said that internet book sales would soon leave just a few specialist bookshops in capital cities. He said that 'in five years other than a few
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As
Assistant Treasurer Sherry assisted the Treasurer in the development, implementation and administration of policies in the Treasury portfolio, including a specific focus on taxation, tax design and the national tax reform program (known as Australia's Future Tax System review, or the Henry
363:, improved regulation and disclosure of covered short selling, the introduction of oversight and compliance arrangements for credit rating agencies and the transition of the remaining financial and consumer credit services from the Australian states and territories to the Federal Government.
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In
October 1997, however, he was accused of improper use of his Parliamentary travel allowance. Although he was later cleared of these allegations, it caused significant distress and he attempted suicide. He was later diagnosed with clinical depression. His suicide attempt again gained media
323:
Sherry has participated on a number of Senate and Joint
Parliamentary Committees during his time in Parliament. These include Senate Standing committees on Scrutiny of Bills, Appropriations and Staffing, Privileges and Regulations and Ordinances.
250:, where he graduated with a Bachelor of Arts in Political Science and Administration. Sherry was also active in the student union while at university, sitting on the Tasmanian University Union and various business committees from 1976 to 1979.
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Sherry has also participated on the Senate Legislative and General Purpose Committees for Employment, Education and Training, Rural and Regional Affairs, Economics Legislation Committee and the Finance and Public Administration Committees.
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1990 and was also a trustee, manager, and company secretary of ClubPlus Superannuation fund. Sherry held positions on the State Executive of the Tasmanian Trades and Labor Council from 1988 to 1990 and was president from 1988 to 1990.
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During his time as State Secretary, Sherry held a number of positions including board member at the College of Hospitality, board member of the Hospitality Group Training and board member of Employment and Skills Formation Council.
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Sherry also sat on Cabinet's Expenditure Review Committee responsible for the management of Australia's national annual Budget and also had responsibility for the Productivity Commission, the Australian Bureau of Statistics, the
234:. Sherry was sworn in as the Assistant Treasurer on 9 June 2009, after serving as the first Australian Minister for Superannuation and Corporate Law. Sherry was the first Assistant Treasurer from Tasmania.
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became the first Australian Federal Parliamentarian to take his own life, in June 2000. At the time Sherry was open about his own experiences with depression from which he recovered in 1999.
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and became State Secretary of the then FLAIEU between 1979 and 1990. In 1992, the FLAIEU amalgamated with another union to form the present day Liquor Hospitality and Miscellaneous Union (
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Review), foreign investment matters, productivity reform issues, international economic regulation, international mutual recognition arrangements and global accounting standards.
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He established the national Tax Practitioners Board and significantly reformed our Managed Investment Trust law and GST (Goods and Services Tax) administration arrangements.
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Media Release: Expert Panel and Terms of Reference for review into the governance, efficiency and structure and operation of Australia's superannuation system
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Sherry started his working life as a night cashier and auditor at the Wrest Point Hotel and Casino in Hobart. While working at Wrest Point, Sherry joined the
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Minister for Superannuation and Intergenerational Finance and Shadow Minister for Banking and Financial Services, positions he held until the 2007 election.
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specialist bookshops...you will not see a bookstore. They will cease to exist because of what's happening with internet-based, web-based distribution.'
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Sherry also drove key reforms in the provision of financial advice to superannuation members that now enable funds to provide general financial advice.
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Sherry also signed several financial services mutual recognition agreements with key Australian partners, including the United States and New Zealand.
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Sherry held the portfolio of Minister for Superannuation and Corporate Law until 9 June 2009, at which point he was promoted to Assistant Treasurer.
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On 12 December 2011, Sherry announced that he would be retiring from the Senate at the
656:"ALP national executive launches 'intervention' into Tasmanian Labor to repair branch"
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On 18 November 2012, it was announced Sherry had been appointed as chairman of
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628:"Life after politics for Sherry also good news for FNZ, Citi | IOANDC"
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http://www.themercury.com.au/article/2012/06/16/337601_tasmania-news.html
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won the preselection vote to fill the vacancy caused by the retirement.
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business regulation, consumer affairs and intergenerational finance.
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As Minister for Corporate Law, Sherry held responsibility for the
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Minister for Financial Services, Superannuation and Corporate Law
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Australian Labor Party members of the Parliament of Australia
606:- Australian Broadcasting Corporation - Retrieved 9 May 2012.
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Federated Liquor and Allied Industries Employees' Union
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230:from July 1990 until June 2012, representing the
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357:Australian Securities and Investments Commission
494:"Senator The Hon Nick Sherry" 17 September 1990
642:"Leadership Team - Executives & the Board"
278:Entry into politics and the Keating Government
816:Members of the Australian Senate for Tasmania
342:Minister for Superannuation and Corporate Law
73:14 September 2010 – 12 December 2011
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504:Biography for Senator the Hon Nick Sherry
452:Australian Labor Party National Executive
222:politician who served as a member of the
604:Senator Sherry brings forward retirement
340:On 3 December 2007 Sherry was appointed
553:"Media release, Kevin Rudd" 6 June 2009
286:in 1990, representing Tasmania for the
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218:(born 19 November 1955) is a former
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131:1 July 1990 – 1 June 2012
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821:Government ministers of Australia
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332:Superannuation Guarantee system.
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811:Members of the Australian Senate
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681:Nick Sherry Senate Biography
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753:Minister for Small Business
534:"Media Release" 29 May 2009
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344:in the Labor Government of
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563:Portfolio Responsibilities
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544:Changes to the Ministry
292:Second Keating Ministry
473:First Gillard Ministry
450:were appointed by the
288:Australian Labor Party
248:University of Tasmania
232:Australian Labor Party
204:University of Tasmania
192:Australian Labor Party
572:"Assistant Treasurer"
421:casual Senate vacancy
389:Royal Australian Mint
27:Australian politician
727:Assistant Treasurer
695:New ministerial post
568:27 June 2009 at the
549:12 June 2009 at the
244:Kingston upon Thames
216:Nicholas John Sherry
630:. 18 November 2012.
468:First Rudd Ministry
431:Life after politics
361:naked short selling
242:Sherry was born in
689:Political offices
399:Gillard Government
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319:Committee service
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589:12 December
411:Resignation
309:Greg Wilton
180:Nationality
91:Preceded by
41:Nick Sherry
775:Categories
763:Mark Arbib
757:2010–2011
730:2009–2010
705:2007–2009
662:1 November
479:References
346:Kevin Rudd
238:Early life
220:Australian
199:Alma mater
183:Australian
163:1955-11-19
108:Mark Arbib
425:Lin Thorp
142:Lin Thorp
127:In office
69:In office
566:Archived
547:Archived
520:Lateline
462:See also
391:and the
228:Tasmania
119:Tasmania
115:Senator
284:Senate
173:London
664:2023
591:2011
264:LHMU
157:Born
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