Dispatches: Suncorp axes bonus plan

Suncorp has axed an executive bonus plan criticised for letting top brass "cherry pick" results. The insurance-banking giant linked the decision - to cease issuing any new long-term bonus plans with a re-testing element - to reflecting "changes in governance practices and shareholder expectations". (Suncorp)

Clinton Dines will establish an Asian investment fund worth $500m for Australian investors to access the booming Chinese market. The former BHP Billiton China president's vehicle is Caledonia Investments. (The Australian)

Small business has given lukewarm support for a federal Coalition plan to improve competition in the banking sector. The nine-point plan, developed by opposition treasury spokesman Joe Hockey, was "fine" and reflected what many people had been asking for years, Small Business Council executive director Peter Strong said. (Sydney Morning Herald)