Chris Bowen

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The Honourable
Chris Bowen
MP
Chris Bowen
Shadow Treasurer of Australia
Incumbent
Assumed office
13 October 2013
Leader Bill Shorten
Preceded by Joe Hockey
Leader of the Opposition
In office
18 September 2013 – 13 October 2013
Deputy Anthony Albanese
Preceded by Tony Abbott
Succeeded by Bill Shorten
Interim Leader of the Labor Party
In office
13 September 2013 – 13 October 2013
Deputy Anthony Albanese
Preceded by Kevin Rudd
Succeeded by Bill Shorten
Treasurer of Australia
In office
27 June 2013 – 18 September 2013
Prime Minister Kevin Rudd
Preceded by Wayne Swan
Succeeded by Joe Hockey
Minister for Tertiary Education
In office
4 February 2013 – 22 March 2013
Prime Minister Julia Gillard
Preceded by Chris Evans
Succeeded by Craig Emerson
Minister for Small Business
In office
4 February 2013 – 22 March 2013
Prime Minister Julia Gillard
Preceded by Brendan O'Connor
Succeeded by Gary Gray
Minister for Immigration and Citizenship
In office
14 September 2010 – 4 February 2013
Prime Minister Julia Gillard
Preceded by Chris Evans
Succeeded by Brendan O'Connor
Minister for Financial Services
In office
9 June 2009 – 14 September 2010
Prime Minister Kevin Rudd
Julia Gillard
Preceded by Nick Sherry
Succeeded by Bill Shorten
Member of the Australian Parliament
for McMahon
Incumbent
Assumed office
21 August 2010
Preceded by Constituency Created
Member of the Australian Parliament
for Prospect
In office
9 October 2004 – 21 August 2010
Preceded by Janice Crosio
Succeeded by Constituency Abolished
Personal details
Born Christopher Eyles Bowen
(1973-01-17) 17 January 1973 (age 41)
Sydney, Australia
Political party Labor Party
Alma mater University of Sydney
Profession Politician
Religion None
Website Official website

Christopher Eyles Bowen (born 17 January 1973) is an Australian politician who is the current Shadow Treasurer of Australia. He was briefly the Acting Leader of the Labor Party and Leader of the Opposition in 2013 after Labor lost the federal election.[1] Before this he served in a number of positions in the Rudd and Gillard Governments, including as Minister for Financial Services, Minister for Immigration and Citizenship, and Treasurer. He was first elected to the House of Representatives in 2004 for Prospect, however the seat was abolished and has represented McMahon since 2010.

Early years and background[edit]

Bowen was educated at Smithfield Public School, St Johns Park High School and the University of Sydney, where he graduated with a Bachelor of Economics. He was elected to Fairfield City Council in 1995 and was Mayor of Fairfield in 1998 and 1999. He was elected President of the Western Sydney Regional Organisation of Councils (WSROC) in 1999 and served as President until 2001. Bowen has openly stated that he is an atheist.[2]

Political career[edit]

In 2004, Bowen was elected to the House of Representatives replacing Janice Crosio after she retired after 25 years in both state and federal politics.

In 2006, Bowen was appointed to the Labor front bench as Shadow Assistant Treasurer and Shadow Minister for Revenue and Competition Policy. In December 2007 Prime Minister Kevin Rudd appointed him Assistant Treasurer and Minister for Competition Policy and Consumer Affairs. In June 2009 Bowen was promoted to cabinet as Minister for Financial Services, Superannuation and Corporate Law and Minister for Human Services.

In April 2010 Bowen announced significant reforms to the financial services sector including banning of commissions for financial planners giving advice on retail investment products including superannuation, managed investments and margin loans; instituting a statutory fiduciary duty so that financial advisers must act in the best interests of their clients, and increasing the powers of the corporate regulator; the Australian Securities and Investments Commission.[3] The reforms were partially a response to the high profile collapse of Storm Financial, Westpoint and Opes Prime and the resultant losses for retail investors, but also reflected global concerns with financial governance following the Global Financial crisis of 2007–2010.[4] The reforms are due to be fully implemented on 1 July 2013.

In September 2010, Bowen was appointed Minister for Immigration and Citizenship, succeeding Senator Chris Evans.[5] On 2 February 2013, Bowen replaced Evans as Minister for Tertiary Education, Skills, Science and Research. Evans was also Minister for Small Business.[6]

Chris Bowen resigned his ministerial portfolios on 22 March 2013 after he supported an unsuccessful attempt to reinstall Kevin Rudd as Prime Minister.

Following the June 2013 leadership spill, Bowen was reinstated as a Cabinet Minister and given the portfolio of Treasurer. He was sworn in on 27 June 2013. He also has been given responsibility for financial services and superannuation, including carriage of the MySuper and other Simple Super reforms previously held by Bill Shorten.

Bowen was appointed Interim Leader of the Labor Party on 13 September 2013 following the resignation of Kevin Rudd in the wake of the party's defeat in the 2013 federal election. Bowen pledged not to stand in the October 2013 leadership spill which was contested by Anthony Albanese and Bill Shorten.[7] Shorten was elected as leader.[8][9]

See also[edit]

References[edit]

  1. ^ "Chris Bowen named interim Labor leader". 13 September 2013. 
  2. ^ "Q: What do these MPs have in common? A: They are out and proud atheists". The Sydney Morning Herald. 14 March 2010. Retrieved 12 October 2013. 
  3. ^ Chris Bowen. "Overhaul of Financial Advice [26/04/2010]". Ministers.treasury.gov.au. Retrieved 2013-07-01. 
  4. ^ "PM - Changes to financial planning laws will inject billions into the economy 26/04/2010". Abc.net.au. 2013-05-04. Retrieved 2013-07-01. 
  5. ^ [1][dead link]
  6. ^ http://www.pm.gov.au/press-office/changes-ministry-1
  7. ^ "Chris Bowen named interim Labor leader". 13 September 2013. 
  8. ^ Harrison, Dan. "Bill Shorten elected Labor leader". Sydney Morning Herald. Retrieved 13 October 2013. 
  9. ^ Griffiths, Emma (13 October 2013). "Bill Shorten elected Labor leader over Anthony Albanese after month-long campaign". ABC News (Australia). Retrieved 15 October 2013. 

External links[edit]

Parliament of Australia
Preceded by
Janice Crosio
Member of Parliament for Prospect
2004–2010
Succeeded by
Constituency Abolished
Preceded by
Constituency Created
Member of Parliament for McMahon
2010–present
Incumbent
Political offices
Preceded by
Nick Sherry
Minister for Financial Services
2009–2010
Succeeded by
Bill Shorten
Preceded by
Chris Evans
Minister for Immigration and Citizenship
2010–2013
Succeeded by
Brendan O'Connor
Minister for Tertiary Education
2013
Succeeded by
Craig Emerson
Preceded by
Brendan O'Connor
Minister for Small Business
2013
Succeeded by
Gary Gray
Preceded by
Wayne Swan
Treasurer of Australia
2013
Succeeded by
Joe Hockey
Preceded by
Tony Abbott
Leader of the Opposition
2013
Succeeded by
Bill Shorten
Preceded by
Joe Hockey
Shadow Treasurer of Australia
2013–present
Incumbent
Party political offices
Preceded by
Kevin Rudd
Acting Leader of the Labor Party
2013
Succeeded by
Bill Shorten