14 December 2010
Bill Shorten, Assistant Treasurer and Minister for Financial Services and Superannuation.
Bill Shorten, Assistant Treasurer and Minister for Financial Services and Superannuation, has outlined his ideas on Australia’s banking system to Talking Business, the podcast sponsored by the College of Business at RMIT University.
He spoke about the Gillard Government's plans to establish a fifth pillar in Australian banking by providing support to credit unions and building societies.
Mr Shorten also discussed Australia’s superannuation system and examined its size in comparison with those in other nations. He said it was now the fastest growing system of its kind in the world and talked about the vital role it played in the future of Australia’s population and economy.
Mr Shorten has been the federal member for the seat of Maribyrnong since November 2007. He was the Parliamentary Secretary for Disability and Children's Services under the Rudd Government and is a former Victorian State President of the Australian Labor Party.
He began work as a solicitor for Maurice Blackburn Cashman, before entering the union movement as an organiser with the Australian Workers Union. During his time at the union, Mr Shorten held key leadership positions including State Secretary of the Victorian branch and National Secretary.
Mr Shorten has also been a director of AustralianSuper and a director of the Victorian Funds Management Corporation.
Talking Business, which features 15 minutes of interviews with prominent business leaders and expert analysis from RMIT academics, has been produced since February.
Previous interviews have included Malcolm Turnbull, Shadow Minister for Communications and broadband; Lindsay Tanner, former Minister for Finance; and Saul Eslake, Economist and Program Director of Productivity Growth, Grattan Institute.
The journalists who produce the podcasts are both senior writers with The Age. Garry Barker is a contributing technology writer and Leon Gettler is a senior business journalist, as well as working freelance on other publications.
Podcasts can be downloaded for free from RMIT's site within iTunesU.