Coalition names shadow treasurer, financial services minister

The Coalition, following its election defeat and brief split, has unveiled its shadow ministry.

Leader of the opposition Sussan Ley confirmed that Ted O'Brien will act as deputy leader and shadow treasurer, while Pat Conaghan will act as shadow assistant treasurer and shadow minister for financial services.

Senator James Paterson will serve as shadow minister for finance. Senator Andrew Bragg, meanwhile, has become shadow minister for productivity and deregulation.

Ley said the new shadow ministry "balances experience with new talent."

"It reflects the full range of philosophical traditions, values and perspectives of our joint party room. This is important because both Coalition parties are at our strongest when we harness our full intellectual and philosophical firepower," she said.

National Party leader David Littleproud thanked Ley for guiding the Coalition back to a position of unity and said the focus is now on Anthony Albanese.

Littleproud said holding the Labor government to account is important to democracy, adding that "we've laid the foundation stones of a Coalition that can move forward..."

Association of Superannuation Funds of Australia chief executive Mary Delahunty said the industry group looks forward to working constructively with the new shadow ministry "to ensure superannuation continued to deliver on its promise of providing dignity and financial security in retirement, alongside being a pillar of economic stability..."

Likewise, Financial Advice Association of Australia chief executive Sarah Abood congratulated the new shadow ministry.

"The Australian financial advice sector requires substantial reform to achieve a regulatory regime that will deliver improved access and affordability of financial advice for Australians.  I look forward to working constructively with O'Brien and Conaghan to ensure more Australians are empowered to achieve financial wellbeing," Abood said.