Nick Sherry is the CEO of Sherry and Associates International, a specialist advisory consultant in pension systems - all aspects of design and operation; contributions, governance and regulation, taxation, investment and related legacy issues.
Currently holds the following commercial positions -
Senior Adviser, Superannuation and Pensions, Ernst and Young, Australia;
Senior Adviser (Superannuation and Pensions) Citi, Australia;
Chairman, FNZ (Australia), a specialist financial services platform provider.
Currently holds the following honorary positions -
Steering Group, Social Security Project, World Economic Forum
Member of the Oversight Council, Financial Inclusion Project, Harvard Law School.
Member, Superannuation Post Retirement and Tax Forum, AustralianGovernment.
Pre 2012
Nick Sherry was elected as a Senator for Tasmania in 1990 and Chaired the Senate Committee on Superannuation. In that role he oversighted the legislation for the 9 p.c. Superannuation Guarantee and Superannuation Industry Supervision Acts - the foundations of the modern Australian system.
In 2007 Nick was appointed as Australia's first Minister for Superannuation and Corporate Law. He initiated the Cooper Review and Future of Financial Advice amongst many other initiatives. He was responsible for the Australian Prudential Regulatory Authority and Australian Tax Office Superannuation Divisions.
He was responsible for the Asian Development Bank serving as alternative Governor.
Nick also introduced single national regulation of all financial providers, products and advisers in Australia. As Corporate Law Minister he had responsibility for the Australian Securities and Investments Commission (ASIC) and developed policy for stock market competition and introduced oversight of short selling and credit rating agencies.
He was a member of the Cabinet sub-committee oversighting the Global Financial Crisis response.
In 2009 Nick was appointed Assistant Treasurer where he introduced new national accounting and tax advice oversight, foreign investment approvals and administration, major reforms to key tax measures including Sovereign Wealth Funds, Managed Investment Trusts and Ancillary Investment Funds and developed new policy on Charities law, Gambling and Oversight of the Tax Office.
In 2010 Nick was appointed Small Business Minister and Minister Assisting on Deregulation and Public Sector Superannuation and Tourism. He oversighted the implementation of the Seamless National Economy and merger of Government super funds.
He retired as a Minister on December 10, 2011 and from the Senate in 2012.
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