Assistant Treasurer Stephen Jones Announces Retirement from Politics

The Labor MP and longtime supporter of Prime Minister Anthony Albanese will not seek re-election after 15 years in parliament.

Stephen Jones, Assistant Treasurer and Minister for Financial Services, has announced he will not contest the upcoming federal election, marking the end of his 15-year parliamentary career.
Jones did not provide a specific reason for his decision, though colleagues suggested personal factors, including his recent marriage, may have influenced the choice.
He highlighted his contributions to marriage equality, gambling ad reform, consumer protections, and financial scam prevention as key achievements during his tenure.
Jones' departure is the fourth announced from the Albanese government ahead of the federal election, following Linda Burney, Brendan O'Connor, and Bill Shorten.
Treasurer Jim Chalmers and other colleagues praised Jones for his dedication and legacy in serving his community and advancing Labor Party values.