Assistant Treasurer Quits Politics as Election Looms

Labor’s Stephen Jones, who holds the NSW seat of Whitlam—considered to be safe regardless of the national result—has announced he’s leaving politics.

Australia's former Financial Services Minister Stephen Jones speaks to the media during a press conference at Parliament House in Canberra, Australia, on Nov. 7, 2022. AAP Image/Lukas Coch

Assistant Treasurer and Minister for Financial Services Stephen Jones is a late addition to the list of Australian Labor Party (ALP) politicians retiring before the election, which must be held before May 17.

There are suggestions an election could be called for April, especially if the Reserve Bank cuts the official cash rate at its February meeting.