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Advisory Network

Daniel Mulino

Assistant Treasurer and Minister for Financial Services

AustraliaLawmaker

About

Daniel Mulino is a Labor politician and economist. He was born in Italy and came to Australia as a young child. He holds a PhD in economics from Yale University, lectured at Monash University and worked as an energy network regulator. He was Parliamentary Secretary to the Victorian Treasurer from 2014 to 2018.

He has been the federal Member for Fraser, in Melbourne's west, since 2019. He chaired the House of Representatives Standing Committee on Economics from 2022 to 2025. Since May 2025 he has been Assistant Treasurer and Minister for Financial Services, with responsibility for financial services regulation, including digital assets and payments.

Mulino released draft digital asset platform legislation in September 2025 and introduced the Corporations Amendment (Digital Assets Framework) Bill in November 2025. The law brings digital asset platforms and tokenised custody platforms under Australian financial services licensing, with an exemption for small platforms. It passed Parliament on 1 April 2026, received royal assent on 8 April 2026 and commences on 9 April 2027. He has also released draft payments licensing laws that cover stablecoin issuers as stored value facilities.

Policy engagement

Introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 in November 2025, bringing digital asset platforms and tokenised custody platforms under Australian financial services licensing.

Source: Treasury Ministers release, 26 Nov 2025

Key actions

  1. Launched the government's Financial Innovation Strategy at Fintech Australia's Intersekt conference, including thematic sandboxes and a financial innovation committee.

    Source

  2. The Corporations Amendment (Digital Assets Framework) Act 2026 received royal assent after passing Parliament on 1 April 2026.

    Source

  3. Introduced the Digital Assets Framework Bill, requiring digital asset platforms and tokenised custody platforms to hold an Australian financial services licence.

    Source

  4. Released exposure draft payments legislation with a graduated framework for stored value facilities, including stablecoin issuers.

    Source

  5. Released exposure draft legislation for digital asset platforms in an address to DECA's Global Digital Asset Regulatory Summit.

    Source

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