Background & Legal Expertise
Alan Stockdale is widely regarded as one of the most prominent figures in Australian business and politics. He has unprecedented public and private sector experience.
He was Treasurer in the Victorian Government from 1992 to 1999, where his responsibilities included general financial management and Government reform agenda. He was Minister responsible for State-owned enterprises with overall responsibility for energy reform and privatisation of $A30 billion of Government business enterprises. Alan implemented Australia’s most substantial agenda of market-based reforms at State level, had direct involvement in dozens of major transactions and introduced modern, private sector business principles into Government and Victorian GBEs. Alan was also Minister for IT and Multimedia from 1996 to 1999. As the world’s first Minister for multimedia, he introduced a wide range of programmes to make Victoria a leader in the application of multimedia and new information technologies.
Alan’s private sector experience includes six years with Macquarie Bank where he co-led the Macquarie team which successfully bid to acquire Sydney Airport. Alan held a number of corporate advisory roles and was responsible a wide range of infrastructure transactions, especially in the power, gas and transport sectors in Australia and overseas.
Alan has extensive experience as a company Director and Chairman. He has been Chairman of three ASX-listed companies and a Director since retiring from the Victorian Parliament in 1999. He chaired Axon Instruments Inc. through its listing and for the next five years until it was taken-over by a NASDAQ listed US company. Axon was a US corporation listed on the ASX giving Alan experience of corporate regulation and operation in Australia and the US. Previously, as Treasurer of Victoria, Alan was the shareholder Minister for all Victorian GBEs and was responsible for the Treasury Unit monitoring performance and corporate governance for all GBEs. As such, he dealt with issues raised by the operation and governance of very large corporations modelled on private sector standards and practices. His recent Board experience spans debt and asset management, manufacturing and fast moving consumer goods, information technology, manufacture and sale of high-tech drug discovery instruments and a range of infrastructure asset classes.
In September 2011, Alan was nominated as chairman for state-owned utility City West Water. He has also been chairman or a director of a number of voluntary and community organisations.
Alan is a Fellow of the AICD.
- Restored sustainable Budget surpluses; restored Victoria’s AAA domestic debt rating; reduced State debt from $32 billion to $5 billion; reduced State taxes by more than $2 billion p.a.; maintained record levels of public investment and achieved sustainable real increases in expenditure for key health and education services
- Introduced corporatisation and modern business practices to State Government GBEs and established and operated the Treasury Monitoring Unit which managed a monitoring and supervisory regime in respect of GBE corporate governance, business plans and performance measurement
- Managed Victorian $32 billion privatisation program – privatised gas and electricity industries, ports, public transport, TAB and a wide range of other State GBEs
- Introduced world best practice risk management throughout the State public sector
- Led the Victorian Government’s implementation of a wide range of reforms to improve the performance of the Victorian economy generally
Workplace Relations and Legal Experience
Alan has over 20-years experience in workplace relations and the practice of workplace relations law. For five years, he was National Personnel and Industrial Relations Manager for Australia’s largest construction contractor, Leighton Contractors, has twelve years’ experience as a self-employed barrister and, more recently, as a solicitor, practising mainly in the fields of workplace relations and employment law. He has very extensive experience in corporate management of personnel and industrial relations, in negotiation and in advocacy in Courts and industrial tribunals as well as in advising clients.
Government and Parliamentary Experience
- 1996-1999 – Victorian Treasurer and Minister for Information Technology and Multimedia
- 1992-1999 – Victorian Treasurer
- 1985-1999 – Member for Brighton, Victorian Parliament (Liberal); Shadow
Significant Leadership Positions
- Chairman – 2011 onwards – City West Water
- Chairman – 1999-2004 – Axon Instruments Inc. (ASX-listed company)
- Chairman – 1999-2009 – Symex Holdings Ltd. (ASX-listed company)
- Chairman – 2007-2009 – Financial and Energy Exchange Ltd.
- Director – 2007-2009 – Mariner Financial Limited. (ASX-listed company)
- Chairman – 2006-2011 – Senetas Corporation Ltd. (ASX-listed company)
- Chairman – Medical Research Commercialisation Fund 2007
- Director – NSW Treasury Corporation – 2005
- Director – 2001-2003 – Southern Cross Airports Corporation Ltd.
- Director – 1999-2004 – Various Macquarie subsidiaries
- Chairman – 2002-2008 – Institute of Public Affairs (Free market think-tank)
- Federal President – Liberal Party of Australia – 2008
- Chairman – 1999-2000 – Baker Heart Research Institute Foundation
- Director – 1999-2000 – Baker Heart Research Institute
- Director – 1998-2003 – Melbourne Football Club
- Member – 1985-1989 – Council of the University of Melbourne
Other Relevant Information
Honours and Awards
- Honorary Fellow Society of Corporate Treasurers
- Tasman Medal awarded by the Tasman Institute
- Management Accountant of the Year – Victoria, awarded by the Victorian Division, Australian Society of Accountants
- 1999 Privatisation Minister of the Year, ‘Privatisation International’ magazine
- 2003 Centenary Medal awarded by the Australian Government.