Labor business pitch hinged on stability

Federal Labor frontbencher Chris Bowen has told a business conference companies can rely on leadership and policy stability from his party.

Some businesses might not like the policies Labor would have in government but at least they already know exactly what they are, shadow treasurer Chris Bowen says.

This transparency and the stable leadership of Bill Shorten are among the party's key offerings to the business community, Mr Bowen has told a business conference in Sydney.

"I am not suggesting that everyone loves all our policies," he said on Monday.

"But I am suggesting that a business environment that craves certainty can take comfort from the fact that we have used our stability in personnel and leadership to construct a clear and comprehensive plan for government, which business can factor into its plans."

Mr Bowen has particularly pushed the certainty federal Labor would deliver businesses on energy policy.

He has also highlighted Labor's competition policy, plan to keep economic growth going and the edge to its corporate tax policy by its Australian Investment Guarantee.

The guarantee would give all businesses in Australia the ability to immediately deduct 20 per cent of any new eligible asset worth more than $20,000.

The balance would be depreciated in line with normal depreciation schedules from the first year.


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Source: AAP


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