Business and Economy gets inspiration from the competitive benefits and highly sophisticated life style of the Australians. Australian Business and Economy can be better understood from the following subsections.
Australia Insurance - Proper insurance is needed to make good use of the earned assets. For the sake of security wealth should be secured. Insurance provides a better peace of mind. The Western Australian insurance commission was set up following the Insurance Commission of Western Australia Act (1986). Hon Ljiljanna Ravlich, the Minister of Government Enterprises looks after this insurance commission. This Insurance Commission consists of 2 divisions. Such as:
- The Motor Vehicle Personal Injury Division
- The RiskCover Division
There are many insurance agencies in Australia. Those include:
- Gerling Australia Insurance Company Pty. Ltd. (GAUS)
- Gerling Property and casualty (GKA)
- HDI- Gerling Life Insurance Group
Australia Stock Exchange- The National Stock Exchange of Australia runs efficient markets. NSX offers trading systems. The brokers take the responsibility of transactions.
Australia Business - An Australian Business Number (ABN) looks after the new tax system that was introduced by the liberal government of John Howard on 1 st July, 2000. This new system is the part of goods and services tax. On the other hand the Business Council of Australia (BCA) is known as an organization of employers. It was established in 1983. Michael Chaney is the current president of this association. The board of the Business Council of Australia is responsible for policy making. The current board members of this organization include:
- Angus James, CEO, ABN AMRO
- Katie Lahey, Chief Executive, Business Council of Australia
- Charlie Lenegan, Managing Director, Rio Tinto - Australia
- Rod Pearse, CEO & Managing Director, Boral
- John Stewart (Australian businessman), CEO
On the other hand the secretariat members include:
- Ms Melinda Cilento
- Mr Patrick Coleman
- Ms Allesandra Fabro
- Ms Freya Marsden
It is therefore important for every person interested in Australia to know about Australian Business and Economy.