Putative treasury minister Wayne Swan, Rudd's fellow Queenslander, may be another force for moderation.

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National treasurer Wayne Swan approved the purchase on condition state-owned Chinalco did not buy more Rio shares.

BBC: Australia allows China investment

Treasurer Wayne Swan said that a drop in commodity prices had hit the resources sector and hurt tax revenues.

BBC: Australia collects $130m revenue from mining tax

Her cabinet includes her deputy, Treasurer Wayne Swan, and former pop star Peter Garrett, who switches from environment to education.

BBC: Gillard sworn in as Australian prime minister

Treasurer Wayne Swan labeled their views as "xenophobic claptrap" at the time.

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The government said it was part of a wider review of its tax policy, with treasurer Wayne Swan saying miners were overstating the impact of the tax.

BBC: Australian miner Fortescue in tax plan threat

Most attention focussed on the duo of Wayne Swan and Stephen Smith, both from the right, who will handle the crucial issues of economic policy and industrial relations.

ECONOMIST: Labor's defeat has unleashed an internal war

Ms Gillard's deputy, Wayne Swan, remains as treasurer.

BBC: Australia PM Julia Gillard announces cabinet?

Springsteen and his E Street Band opened their Wrecking Ball Tour to enthusiastic reviews in Brisbane, the hometown of Australian Deputy Prime Minister and Treasurer Wayne Swan, who revealed in a speech last year that The Boss had long been his political inspiration.

NPR: The Boss Plays A Note Of Caution On Economic Sway

"While competition would be expected to deliver efficient outcomes, now may not be the appropriate time for changes that will have further cost implications for the industry, given current market conditions and the magnitude of regulatory change already underway, " said Treasurer Wayne Swan in a statement.

WSJ: Australia's ASX Keeps Equities Clearing Role