Treasure Egan quits politics
January 18, 2005
NSW Treasurer Michael Egan will quit the position later this week and also plans to resign from state parliament.
"Later this week I will be retiring as treasurer of NSW, minister for state development, leader of the government in the Legislative Council and vice-president of the Executive Council," Mr Egan said this afternoon.
Mr Egan said he would also resign from the Legislative Council, the state's upper house, in the near future.
The 56-year-old former union official and political adviser has been treasurer since the Carr Labor government came to power in 1995.
Mr Egan is the longest serving NSW treasurer since parliamentary democracy was introduced in the state in 1856.
Mr Egan said 35 years in political life was long enough.
He said he wanted to give his successor time to settle into the treasury position ahead of the 2007 state election.
"After 35 years of political combat, I think it's time for me to retire," Mr Egan said.
"Thirty five years is a long time, and if I didn't take it now, the next opportunity would be in four years.
"I think it's important that my successor have the opportunity to show his or her wares before the next election and have a couple of budgets under his or her belt."
AAP
January 18, 2005
NSW Treasurer Michael Egan will quit the position later this week and also plans to resign from state parliament.
"Later this week I will be retiring as treasurer of NSW, minister for state development, leader of the government in the Legislative Council and vice-president of the Executive Council," Mr Egan said this afternoon.
Mr Egan said he would also resign from the Legislative Council, the state's upper house, in the near future.
The 56-year-old former union official and political adviser has been treasurer since the Carr Labor government came to power in 1995.
Mr Egan is the longest serving NSW treasurer since parliamentary democracy was introduced in the state in 1856.
Mr Egan said 35 years in political life was long enough.
He said he wanted to give his successor time to settle into the treasury position ahead of the 2007 state election.
"After 35 years of political combat, I think it's time for me to retire," Mr Egan said.
"Thirty five years is a long time, and if I didn't take it now, the next opportunity would be in four years.
"I think it's important that my successor have the opportunity to show his or her wares before the next election and have a couple of budgets under his or her belt."
AAP