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Wayne Maxwell Swan (born 30 June 1954) is an Australian politician who is National President of the Labor Party. He was previously the
Deputy Prime Minister of Australia The deputy prime minister of Australia is the deputy chief executive A chief executive officer (CEO), chief administrator officer, or just chief executive (CE), is one of a number of corporate executives A corporation is an organizatio ...
and Deputy Leader of the Labor Party from 2010 to 2013, and the
Treasurer of Australia The Treasurer of Australia (or Federal Treasurer) is a high ranking official and senior minister of the Crown in the Government of Australia The Australian Government, also known as the Commonwealth Government, is the national governme ...
from 2007 to 2013. Swan was first elected to the
House of Representatives House of Representatives is the name of legislative bodies A legislature is a deliberative assembly A deliberative assembly is a gathering of members (of any kind of collective) who use parliamentary procedure Parliamentary procedure is ...

House of Representatives
in
1993 1993 was designated as: * International Year for the World's Indigenous People The year 1993 in the Kwajalein Atoll Kwajalein Atoll (; Marshallese: ) is part of the Republic of the Marshall Islands The Marshall Islands, officiall ...
for
Lilley Lilley may refer to: Surname * Charles Lilley (1827–1897), chief justice in Queensland * Chris Lilley (comedian) (born 1974) * Chris Lilley (W3C) (born 1959) * David Lilley (born 1977), Scottish footballer * Dick Lilley (1866–1929), English ...
in Queensland, although he lost this seat in 1996 Australian federal election, 1996. He regained the seat in 1998 Australian federal election, 1998 and represented it until retiring in 2019 Australian federal election, 2019. Following Labor's victory in 2007 Australian federal election, 2007, Swan was appointed
Treasurer of Australia The Treasurer of Australia (or Federal Treasurer) is a high ranking official and senior minister of the Crown in the Government of Australia The Australian Government, also known as the Commonwealth Government, is the national governme ...
by Prime Minister Kevin Rudd. In this position, he played a key role in Australia's response to the Great Recession, Global Financial Crisis throughout 2008 and 2009. In 2010, after Julia Gillard became Prime Minister, Swan was elected unopposed as her deputy and was subsequently sworn in as Deputy Prime Minister. In 2011, Swan was named Finance Minister of the Year by ''Euromoney'' magazine, joining Paul Keating as the only Australian Treasurer to have been awarded that title. After Rudd June 2013 Australian Labor Party leadership spill, successfully challenged Gillard for the leadership in June 2013, Swan resigned from the Cabinet.


Early life and career

Swan was born and educated in Nambour, Queensland. He attended Nambour State High School and graduated in 1972. Kevin Rudd attended the same school at the same time, though was three years younger than Swan and the two did not know each other. Swan won a Commonwealth scholarship to study Public Administration at the University of Queensland, where he resided at Emmanuel College, University of Queensland, Emmanuel College and graduated with a Bachelor of Arts. After graduating he worked as a lecturer in the Department of Management at the Queensland University of Technology, Queensland Institute of Technology. From 1978 to 1980, Swan acted as a policy adviser to Labor Leader Bill Hayden, and from 1983 to 1984 was an adviser to Government Ministers Mick Young and Kim Beazley. He later worked as the State Secretary of the Queensland Labor Party from 1991 to 1993.


Political career


Parliament

Swan was first elected as the Member for Lilley in the 1993 Australian federal election, 1993 federal election, but was defeated three years later by Elizabeth Grace in what was a large defeat for Labor nationwide. In 1996, Swan donated $500–$1400 (amount disputed) to the Australian Democrats campaign manager in his seat of Lilley. At the time, speculation surrounded the nature of the donation. The matter was referred to the Australian Federal Police who chose to take no further action. He worked as an adviser to Labor Leader Kim Beazley before contesting Lilley again in the 1998 Australian federal election, 1998 federal election and regaining the seat.


Shadow Cabinet

Kim Beazley promoted Swan to the Shadow Cabinet in 1998. Initially serving as Shadow Minister for Family and Community Services, he became the Manager of Opposition Business in the House (Australia), Manager of Opposition Business in 2001. During the 2003 Australian Labor Party leadership spills, 2003 Labor leadership spills he was a prominent supporter of Kim Beazley, but retained his position in the Shadow Cabinet when Mark Latham became the new leader. After the 2004 Australian federal election, 2004 federal election defeat, Swan was promoted to become Shadow Treasurer. This was seen by many as a surprise, as it was rumoured that Latham was intending to appoint then-Shadow Health Minister Julia Gillard to the position. It was believed that strong opposition from Labor's Right Faction had put Latham under pressure to appoint either Swan or Shadow Industrial Relations Minister Stephen Smith (Australian politician), Stephen Smith to the position. Early in the role, Swan worked to devise Labor's response to the John Howard, Howard Government's 2006 budget, with Labor proposing tax relief for low- and middle-income earners. Swan launched his book during the same month, ''Postcode: The Splintering of a Nation''. After Kevin Rudd successfully challenged Kim Beazley to win the leadership of the Labor Party in December 2006, he reappointed Swan as Shadow Treasurer. In early November 2007, Swan and Rudd revisited their old high school in Nambour. Rudd gave a speech to students, in which he said that, while at school, "Wayne was very, very cool; and I was very, very not".


Treasurer

Following Labor's landslide win in the 2007 Australian federal election, 2007 federal election, Swan was appointed
Treasurer of Australia The Treasurer of Australia (or Federal Treasurer) is a high ranking official and senior minister of the Crown in the Government of Australia The Australian Government, also known as the Commonwealth Government, is the national governme ...
by Kevin Rudd on 3 December 2007. Swan's first budget concentrated on inflationary pressures in the economy, with substantially reduced spending that exceeded the A$11 billion outlaid for tax cuts. The policy debate shifted around August 2008 after mortgage lending banks in the United States Late 2000s recession, began to collapse and economic activity Late 2000s recession in Australasia, faltered as American investments were written off. In response to the resulting global downturn, Swan coordinated an "economic security strategy" worth $10 billion in October 2008. Designed as a Stimulus (economic), stimulus package and directed towards retail sales, it was largely supported by the International Monetary Fund. When the December quarterly growth report showed the economy contracting, he moved ahead with the Nation Building and Jobs Plan to provide government-sponsored work worth A$42 billion. This action was widely credited with preventing Australia from following much of the world into recession, as the March 2009 quarterly growth report showed that the economy had returned to growth. On 20 September 2011, Swan was named Euromoney Finance Minister of the Year, Finance Minister of the Year by ''Euromoney'' magazine, joining Paul Keating as the only Australian Treasurer to have been conferred that title. In an essay published in ''The Monthly'' magazine in March 2012, Swan criticised the rising influence of vested interests, in particular paying attention to mining entrepreneurs Clive Palmer, Gina Rinehart and Andrew Forrest, and how Swan believed they are threatening Australia's egalitarian social contract. and a subsequent address to the National Press Club (Australia), National Press Club, In ''The Monthly'' essay he opined:
The latest example of this is the foray by Australia’s richest person, Gina Rinehart, into Fairfax Media, reportedly in an attempt to wield greater influence on public opinion and further her commercial interests at a time when the overwhelming economic consensus is that it's critical to use the economic weight of the resources boom to strengthen the entire economy.
Politicians have a choice: between exploiting divisions by promoting fear and appealing to the sense of fairness and decency that is the foundation of our middle-class society; between standing up for workers and kneeling down at the feet of the Gina Rineharts and the Clive Palmers.
For every Andrew Forrest who wails about high company taxes and then admits to not paying any, there are a hundred Australian businesspeople who held on to their employees and worked with government to keep the doors of Australian business open during the GFC. Despite the howling of a small minority, the vast bulk of the resources industry is in the cart for more efficient profits-based resource taxation which serves to strengthen our entire economy. The vast majority of our miners accept that they have a social obligation to pay their fair share of tax on the resources Australians own.


Deputy Prime Minister

On 23 June 2010, Deputy Prime Minister Julia Gillard 2010 Australian Labor Party leadership spill, challenged Kevin Rudd for the leadership of the Labor Party. Realising that he no longer had enough support to retain his position, Rudd resigned the following day, allowing Gillard to be elected unopposed. Swan stood to fill the vacant position of Deputy Leader, and was also elected unopposed. He was sworn in as
Deputy Prime Minister of Australia The deputy prime minister of Australia is the deputy chief executive A chief executive officer (CEO), chief administrator officer, or just chief executive (CE), is one of a number of corporate executives A corporation is an organizatio ...
later that day. Days later, Swan attended the 2010 G20 Toronto summit, G20 Toronto Summit in Gillard's place. He would regularly stand in for Gillard as Acting Prime Minister for the next three years.


Resignation and retirement

Swan resigned from his positions to return to the backbench following the return of Kevin Rudd to the leadership in June 2013. After Labor lost the 2013 Australian federal election, 2013 federal election, he remained in Parliament and retained his seat at the 2016 Australian federal election, 2016 federal election. On 10 February 2018, he announced that he would not contest the 2019 Australian federal election, 2019 federal election and that he would retire from politics.


Personal Collection

Wayne Swan donated his personal collection
of records to the State Library of Queensland, State Library of Queensland's John Oxley Library. The collection reflects the history of Wayne's time in public office and in particular is a record of his experience as: Secretary of the Queensland Labor Party (1991–1993) Federal MP and Member for the seat of Lilley from 1993–1996, 1998–2019, Treasurer of Australia (2007–2013), Deputy Prime Minister and Deputy leader of the ALP (2010–13) and National President of the Australian Labor Party (2018– ). A substantial part of the collection relates to the Global Financial Crisis of 2008–09 and is highly significant given that Australia was a key contributor to G20 discussions. The collection includes photographs, correspondence, campaign materials and political documents. In 2021 the State Library produced
digital story with Wayne Swan
The interview by Dennis Atkins covers Wayne's time in public office and his life before and after politics as well as the Global Financial Crisis of 2008–09 and Wayne’s role in the implementation of an effective domestic stimulus response to the crisis.


Books

*''Postcode: The Splintering of a Nation'' *''The Good Fight: Six years, two prime ministers and staring down the Great Recession''


Personal life

Swan is married to Kim and has three children. An earlier marriage, when he was 21, lasted for one year. At age 48, Swan was diagnosed with prostate cancer but has since fully recovered. He has become an advocate for the prostate cancer public awareness campaign.


See also

* First Rudd Ministry * First Gillard Ministry * Second Gillard Ministry


References


External links


Personal website32178 Wayne Swan Papers
This collection is held by John Oxley Library, State Library of Queensland
Wayne Swan in conversation with Dennis Atkins digital story and oral history
Digital Story produced by the State Library of Queensland *Paul Kelly (journalist), Paul Kelly, ''Triumph and Demise: The Broken Promise of a Labor Generation'', Melbourne University Press, 2014. https://web.archive.org/web/20140914112013/https://www.mup.com.au/items/149038 , - , - , - , - , - {{DEFAULTSORT:Swan, Wayne 1954 births Australian agnostics Australian republicans Australian Labor Party members of the Parliament of Australia Labor Right politicians Deputy Prime Ministers of Australia Gillard Government Government ministers of Australia Living people Members of the Australian House of Representatives for Lilley Members of the Cabinet of Australia People from Nambour, Queensland Treasurers of Australia University of Queensland alumni 21st-century Australian politicians 20th-century Australian politicians