Laundy wins important new role in Turnbull government

Strathfield federal Liberal MP Craig Laundy has been given the chair of a prestigious economics committee by new PM Malcolm Turnbull.

Mr Laundy, part of Strathfield’s Laundy Hotels family and MP for Reid, will chair the Australian Parliament’s Standing Committee on Economics.

It is currently investigating APRA, which regulates banks and other financial institutions, and the Reseve Bank.

“This role will allow me to use my previous experience in business and economics to further contribute to important policy areas for our country,” Mr Laundy said in a statement.

“I am looking forward to the challenge this new role will bring, and working to develop sound economic policy in Australia.”

The Standing Committee on Economics may inquire into and report on any matter referred to it by either the House or a Minister, including any pre-legislation proposal, bill, motion, petition, vote or expenditure, other financial matter, report or document.

Current Inquiries of the Committee focus on Home Ownership.

The Committee consists of six government members and four non-government members.