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Chris Bowen

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The Honourable
Chris Bowen
MP
Acting Leader of the Opposition
In office
18 September 2013 – 13 October 2013
MonarchElizabeth II
Prime MinisterTony Abbott
DeputyAnthony Albanese
Preceded byTony Abbott
Succeeded byBill Shorten
Acting Leader of the Labor Party
In office
13 September 2013 – 13 October 2013
DeputyAnthony Albanese
Preceded byKevin Rudd
Succeeded byBill Shorten
Treasurer of Australia
In office
27 June 2013 – 18 September 2013
Prime MinisterKevin Rudd
Preceded byWayne Swan
Succeeded byJoe Hockey
Minister for Small Business
In office
4 February 2013 – 22 March 2013
Prime MinisterJulia Gillard
Preceded byBrendan O'Connor
Succeeded byGary Gray
Minister for Immigration and Citizenship
In office
14 September 2010 – 4 February 2013
Prime MinisterJulia Gillard
Preceded byChris Evans
Succeeded byBrendan O'Connor
Minister for Financial Services, Superannuation and Corporate Law
In office
9 June 2009 – 14 September 2010
Prime MinisterKevin Rudd
Julia Gillard
Preceded byNick Sherry
Succeeded byBill Shorten
Assistant Treasurer of Australia
In office
3 December 2007 – 8 June 2009
Prime MinisterKevin Rudd
Preceded byPeter Dutton
Succeeded byNick Sherry
Member of the Australian Parliament
for McMahon
Incumbent
Assumed office
21 August 2010
Preceded byDivision Created
Member of the Australian Parliament
for Prospect
In office
9 October 2004 – 21 August 2010
Preceded byJanice Crosio
Succeeded byDivision Abolished
Personal details
Born
Christopher Eyles Bowen

(1973-01-17) 17 January 1973 (age 51)
Sydney, Australia
Political partyLabor Party
Alma materUniversity of Sydney
ProfessionPolitician
WebsiteOfficial website

Christopher Eyles Bowen (born 17 January 1973) is an Australian politician and author[1] who is the current Shadow Treasurer of Australia. Bowen is a senior Labor Right figure.[2] He was briefly the Acting Leader of the Labor Party and Leader of the Opposition in 2013 after Labor lost the federal election.[3] 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 he has represented McMahon since 2010.

Early years and background

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.[4]

Political career

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.[5] 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.[6] 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.[7] On 2 February 2013, Bowen replaced Evans as Minister for Tertiary Education, Skills, Science and Research. Evans was also Minister for Small Business.[8]

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 Acting 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.[9] Shorten was elected as leader.[10][11]

Bibliography

Non-fiction

  • Hearts and Minds: A Blueprint for Modern Labor (2013)[1]

See also

References

  1. ^ a b https://www.mup.com.au/items/128283
  2. ^ "Bowen backs out of Labor leadership race, leaving spot open to Shorten and Albanese". ABC News (Australia). 9 September 2015. Retrieved 12 May 2015.
  3. ^ "Chris Bowen named interim Labor leader". 13 September 2013.
  4. ^ "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.
  5. ^ Chris Bowen. "Overhaul of Financial Advice [26/04/2010]". Ministers.treasury.gov.au. Retrieved 1 July 2013.
  6. ^ "PM - Changes to financial planning laws will inject billions into the economy 26/04/2010". Abc.net.au. 4 May 2013. Retrieved 1 July 2013.
  7. ^ [1] Archived 2010-09-22 at the Wayback Machine
  8. ^ http://www.pm.gov.au/press-office/changes-ministry-1
  9. ^ "Chris Bowen named interim Labor leader". 13 September 2013.
  10. ^ Harrison, Dan. "Bill Shorten elected Labor leader". Sydney Morning Herald. Retrieved 13 October 2013.
  11. ^ Griffiths, Emma (13 October 2013). "Bill Shorten elected Labor leader over Anthony Albanese after month-long campaign". ABC News. Australia. Retrieved 15 October 2013.
Parliament of Australia
Preceded by Member of Parliament for Prospect
2004–2010 		Succeeded by
Preceded by Member of Parliament for McMahon
2010–present 		Incumbent
Political offices
Preceded by Assistant Treasurer of Australia
2007–2009 		Succeeded by
Preceded by Minister for Financial Services
2009–2010 		Succeeded by
Preceded by Minister for Immigration and Citizenship
2010–2013 		Succeeded by
Preceded by Minister for Small Business
2013 		Succeeded by
Preceded by Treasurer of Australia
2013 		Succeeded by
Preceded by Acting Leader of the Opposition
2013 		Succeeded by
Preceded by Shadow Treasurer of Australia
2013–present 		Incumbent
Party political offices
Preceded by Acting Leader of the Labor Party
2013 		Succeeded by
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