NSW Labor picks former Liberal premier Dominic Perrottet for top government position
NSW Labor Treasurer Daniel Mookhey has recruited former Liberal Premier Dominic Perrottet to bolster the government's investment strategies.
The Saturday Telegraph revealed Mr Perrottet, a former Treasurer and later Premier would serve as the newest member of the NSW Treasury Corporation board known as T-Corp.
The call was made by NSW Treasurer Daniel Mookhey.
Mr Perrottet served as the state's 46th Premier from 2021-23 following the resignation of former Premier Gladys Berejiklian.
He is currently working in Washington DC for Australian multinational mining and metals corporation BHP as head of corporate and external affairs.
TCorp is the financial services partner to the NSW public sector, providing investment management and financial management solutions and advice to the government.
With $117bn of assets under its management, TCorp also serves as the NSW government's sovereign investment manager.
TCorp further acts as the central borrowing authority for the state with a balance sheet of $198bn.
Mr Perrottet is the only former politician on the board, with the majority of members coming from a banking, superannuation and auditing background.
It is believed Mr Perrottet will sit on the board while continuing his role at BHP.
Mr Mookhey met with the former premier during his trip to Washington DC four months ago, with Mr Perrottet writing on his LinkedIn at the time that the two spoke about matters that were 'critical to both the US and Australia.'
'Yesterday I had the privilege of hosting NSW Treasurer Daniel Mookhey at the BHP Washington DC office for an important and timely discussion about issues that are critical to both the US and Australia,' Mr Perrottet wrote.
'It was a great opportunity for us to bring together business and opinion leaders as well as policymakers at a dynamic time to discuss the trends shaping the US market, the importance of critical minerals in the energy agenda, and the global competition for capital investment.
'The event underscored the importance of international collaboration and strategic engagement in navigating economic challenges and opportunities. It was a valuable platform for exchanging ideas and building partnerships that will benefit both countries.'
However, Mr Perrottet is not the only former NSW Liberal figure to take up a post with a Labor government, with ex treasurer and energy minister Matt Kean appointed as chair of the federal Climate Change Authority by Prime Minister Anthony Albanese last year.
Mr Kean who passed legislation to cement NSW's net zero emissions reduction targets said the CCA was 'close' to handing down its recommendation to the federal government on the highly anticipated 2035 carbon reduction targets.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sydney Morning Herald
3 hours ago
- Sydney Morning Herald
100,000 people have accessed this payment. Now, it's being made permanent
More than 100,000 people have accessed up to $5000 each in financial help to leave violent relationships over the past four years, with the program set to become permanent from July. The two-year Escaping Violence Payment trial – which was introduced in October 2021 under the Coalition – was extended by the Labor government and will be made permanent under the new Leaving Violence Program. From next week, victim-survivors who are planning to leave, or have recently left, a violent intimate partner relationship will be eligible to receive up to $5000 in financial support. As many as one in four women in Australia and one in 14 men experience violence by an intimate partner from the age of 15. A report this month by the Australian Longitudinal Study on Male Health revealed about one in three men had used a form of intimate partner violence as an adult. An evaluation of the Escaping Violence Payment trial in 2023 found nine out of 10 people who received the payment were women and more than a quarter were Aboriginal or Torres Strait Islander. The average amount accessed was $4224 – including a cap of $1500 in cash and the rest in goods, services and support such as counselling and legal services. Economic insecurity is a major barrier for many people looking to leave a violent partner, especially women. While women's workforce participation in Australia has grown over the years, the proportion of women employed is about six in 10 compared with nearly seven in 10 men, the Australian Bureau of Statistics says. Women are also more likely to work part-time and earn less, often putting them in a more vulnerable position. An ABS survey in 2021-22 of 1.5 million women who had experienced violence by a previous partner showed roughly two in five had separated. Of these, one in five returned to their partners because of a lack of financial resources. Social Services Minister Tanya Plibersek said the Leaving Violence Program would make it easier for women to leave violent relationships safely, and to provide for their family.
The Age
3 hours ago
- The Age
100,000 people have accessed this payment. Now, it's being made permanent
More than 100,000 people have accessed up to $5000 each in financial help to leave violent relationships over the past four years, with the program set to become permanent from July. The two-year Escaping Violence Payment trial – which was introduced in October 2021 under the Coalition – was extended by the Labor government and will be made permanent under the new Leaving Violence Program. From next week, victim-survivors who are planning to leave, or have recently left, a violent intimate partner relationship will be eligible to receive up to $5000 in financial support. As many as one in four women in Australia and one in 14 men experience violence by an intimate partner from the age of 15. A report this month by the Australian Longitudinal Study on Male Health revealed about one in three men had used a form of intimate partner violence as an adult. An evaluation of the Escaping Violence Payment trial in 2023 found nine out of 10 people who received the payment were women and more than a quarter were Aboriginal or Torres Strait Islander. The average amount accessed was $4224 – including a cap of $1500 in cash and the rest in goods, services and support such as counselling and legal services. Economic insecurity is a major barrier for many people looking to leave a violent partner, especially women. While women's workforce participation in Australia has grown over the years, the proportion of women employed is about six in 10 compared with nearly seven in 10 men, the Australian Bureau of Statistics says. Women are also more likely to work part-time and earn less, often putting them in a more vulnerable position. An ABS survey in 2021-22 of 1.5 million women who had experienced violence by a previous partner showed roughly two in five had separated. Of these, one in five returned to their partners because of a lack of financial resources. Social Services Minister Tanya Plibersek said the Leaving Violence Program would make it easier for women to leave violent relationships safely, and to provide for their family.
The Advertiser
7 hours ago
- The Advertiser
Opposition pledges billion-dollar 'budget crisis' fix
Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19. Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19. Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19. Tasmania's alternative government says it will immediately save the state $1 billion if it wins next month's snap election. Having cited poor budget management when driving through a successful no-confidence motion against the government, Opposition Leader Dean Winter unveiled his repair plan on Saturday. The Labor plan is designed to immediately find $1 billion in savings, while it also commits, in government, to put any windfall tax revenue gains towards debt reduction. Figures released by treasury on Wednesday forecast a worse financial position than estimated in the May 2025/26 state budget. Treasury predicted net debt would reach $13 billion in 2027/28, above the budget forecast of $10.2 billion. Mr Winter said the "crippling" debt had put Tasmania into a budget crisis and required a change of leadership to fix. "Tasmania has gone from having the strongest balance sheet of any state or territory when the Liberals were first elected in 2014 (and have) taken Tasmania to be almost bankrupt," he said. "The size and scope of the problem is enormous. The Liberals and Jeremy Rockliff have been warned about this by treasury for at least four years, and they've done nothing about it." Labor plans to establish a debt reduction fund, audit the capital investment program and ensure public assets are not privatised to ensure revenue streams among other ideas. They also would establish an internal jobs market in the public service, designed to stop the growth of the workforce. "If we create more mobility in the public service, we'll get a public service that's more agile, it's about reorganising and re-prioritising and stopping the jobs growth, which is unsustainable," Shadow Treasurer Josh Willie said. Liberal Treasurer Guy Barnett said the budget plan was "one giant con" because $171.5 million worth of cuts to capital works did not specify which projects. The government accused Labor of wanting to sell the state's stake in the Marinus Link that would allow Tasmania and its hydropower to become the nation's battery. "Dean Winter wants to sell a stake in Marinus (but) we are not going to … give effectively more control and more power of our power to the Victorian premier," Mr Rockliff said. The Liberals have pledged measures to cut spending in the public service but abandoned potential state asset sales as a means of paying down debt. The Liberals (14 seats) and Labor (10) face an uphill battle to reach the 18-seat mark required to govern in majority. Tasmania heads to the polls on July 19.
