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Chris Bowen
News and interviews on Chris Bowen including trends, features, blogs and community conversations from an Australian business perspective.
How a sensible plan to meet skills shortages became another Labor shambles: Kohler
Despite a general understanding of the labour shortage in the mining sector, politicians have managed to stuff up the Enterprise Mining Agreement while union leaders once again show a total lack of leadership.
FEDERAL BUDGET 2010: Boat building and film sector get special assistance
Two of the most leftfield business-related measures in this year's Budget – a change to GST laws to help recreational boat builders and a boost to the film production sector.
Industry welcomes financial advice reforms, but Opposition claims changes will hit small business
Accountants and financial planners have broadly welcomed the Government’s decision to ban financial planners from receiving commissions on products they sell.
Federal Government slammed over response to executive pay inquiry
Tax experts have criticised the Government’s response to the Productivity Commission’s report on executive pay.
Swan downplays surplus expectations ahead of May Federal Budget
Wayne Swan plays down expectations of returning the Federal Budget to surplus before 2012, saying the financial crisis has continued to impact Government revenue.
Retail sales fall 1.4% in February, New stock exchange gets initial approval: Economy Roundup
Latest ABS figures show retail turnover decreased by a seasonally adjusted 1.4% in February to $19.8 billion.
Companies face crackdown on unfair contract terms as consumer laws pass
Companies will face tough penalties for the use of unfair terms in standard contracts, described as the biggest change to consumer laws in 35 years.
DIY super experts back changes to borrowing rules
Two experts on self-manger super funds have supported Government changes to rules around the use of instalment warrants in DIY super funds.
Why small business fears contractor chaos: Gottliebsen
Assistant Treasurer Nick Sherry has been saved once before from making a monumental policy mistake. Small contractors will be hoping that the Henry tax review prevents another looming blunder.
GDP grows by 0.9% in December quarter: Economy Roundup
The Australian economy continues to power along, with the latest ABS figures showing the economy grew by a seasonally adjusted 0.9% during the December quarter.
Unemployment drops to 5.3% in January: Economy Roundup
The Federal Government urges China to proceed quickly with the trial of four Rio Tinto staff, who have been arrested on charges of bribery and spying.
Big penalties for sharemarket misconduct, BHP to sell stake in Indonesian coal project: Economy Roundup
Australian sharemarket opens flat after similar results on Wall Street, where investors are concerned about the national economy due to a drop in new home sales.
Government reform of insolvency laws to offer greater protection to directors
The Rudd Government unveils plan to reform insolvency laws that will make it easier for directors to try and rescue their companies without the threat of being sued for trading while insolvent.
Wealthy private companies may be forced to reveal financial results
The Rudd Government backs ASIC recommendation that could force some of Australia’s wealthiest and secretive companies to reveal their financial results.
Productivity Commission backs down on “two strikes and you’re out” rules on executive pay
Following an outcry from business groups, the Productivity Commission has watered down this proposal in its final report released this morning.
Accounting costs could soar under new accounting standards for SMEs
Accounting experts warn SMEs could face increased costs and a much higher administrative burden under new accounting rules proposed by the Australian Accounting Standards Board.
Financial planning commissions have to go, the question is how: Kohler
Just because the report from the joint parliamentary committee on financial services did not explicitly recommend banning commissions, don’t think that they don’t have to go.
Parliamentary inquiry recommends tougher rules for financial planners, but no ban on commissions
A Federal Parliamentary inquiry into the financial planning sector recommends that financial planners be subject to a new fiduciary duty to place their clients’ needs ahead of their own.
Financial planning reforms heading in the right direction: Kohler
Some are celebrating the Ripoll Committee's failure to recommend a complete switch to fee-based charging for financial advisers. But read the report carefully and the party starts to look premature.
Caught in a Storm
Last year, the founder of Storm Financial wrote to State and Commonwealth governments requesting financial help. So why didn
