Steve Bracks
Encyclopedia
Stephen Philip Bracks AC (born 15 October 1954) is a former Australian politician and the 44th Premier of Victoria. He first won the electoral district of Williamstown
Electoral district of Williamstown
Williamstown is an electoral district of the Legislative Assembly in the Australian state of Victoria. It is a 33 km² urban electorate in the inner south-western suburbs of Melbourne, encompassing the suburbs of Brooklyn, Newport, Spotswood, Williamstown and Yarraville...

 in 1994 for the Australian Labor Party
Australian Labor Party
The Australian Labor Party is an Australian political party. It has been the governing party of the Commonwealth of Australia since the 2007 federal election. Julia Gillard is the party's federal parliamentary leader and Prime Minister of Australia...

, and was party leader and Premier from 1999 to 2007.

Bracks led Labor in Victoria to minority government
Minority government
A minority government or a minority cabinet is a cabinet of a parliamentary system formed when a political party or coalition of parties does not have a majority of overall seats in the parliament but is sworn into government to break a Hung Parliament election result. It is also known as a...

 at the 1999 election, defeating the incumbent Jeff Kennett
Jeff Kennett
Jeffrey Gibb Kennett AC , a former Australian politician, was the Premier of Victoria between 1992 and 1999. He is currently the President of Hawthorn Football Club. He is the founding Chairman of beyondblue, a national depression initiative.- Early life :Kennett was born in Melbourne on 2 March...

 Liberal
Liberal Party of Australia
The Liberal Party of Australia is an Australian political party.Founded a year after the 1943 federal election to replace the United Australia Party, the centre-right Liberal Party typically competes with the centre-left Australian Labor Party for political office...

/National
National Party of Australia
The National Party of Australia is an Australian political party.Traditionally representing graziers, farmers and rural voters generally, it began as the The Country Party, but adopted the name The National Country Party in 1975, changed to The National Party of Australia in 1982. The party is...

 coalition
Coalition (Australia)
The Coalition in Australian politics refers to a group of centre-right parties that has existed in the form of a coalition agreement since 1922...

 government. Labor was returned with a majority government
Majority government
A majority government is when the governing party has an absolute majority of seats in the legislature or parliament in a parliamentary system. This is as opposed to a minority government, where even the largest party wins only a plurality of seats and thus must constantly bargain for support from...

 after a landslide win at the 2002 election. Labor was elected for a third term at the 2006 election
Victorian state election, 2006
An election for the 56th Parliament of Victoria took place on Saturday, 25 November 2006. Just over 3 million Victorians registered to vote elected 88 members to the Legislative Assembly and, for the first time, 40 members to the Legislative Council under a proportional representation system...

 with a substantial but reduced majority. Treasurer
Treasurer of Victoria
The Treasurer of Victoria is the title held by the Cabinet Minister who is responsible for the financial management of Victoria’s budget sector. This primarily includes:* preparation and delivery of the annual State Budget;...

 John Brumby
John Brumby
John Mansfield Brumby , is an Australian Labor Party politician who was Premier of Victoria from 2007 to 2010. He became Premier after the resignation of Steve Bracks. He also served as the Minister for Veterans' Affairs and the Minister for Multicultural Affairs. He contested his first election...

 became Labor leader and Premier in 2007 when Bracks retired from politics.

Early life

Steve Bracks was born in Ballarat
Ballarat, Victoria
Ballarat is a city in the state of Victoria, Australia, approximately west-north-west of the state capital Melbourne situated on the lower plains of the Great Dividing Range and the Yarrowee River catchment. It is the largest inland centre and third most populous city in the state and the fifth...

, where his family owns a fashion business. He is a Lebanese Australian
Lebanese Australian
A Lebanese Australian is an Australian citizen or permanent resident of Lebanese descent. The community is multi-religious, and includes a Christian, mostly Maronite Catholic, majority, as well as a large Muslim minority of both the Shia and Sunni branches of Islam, and various other Christian and...

; his paternal grandfather, whose family name was Barakat, came to Australia as a child from Zahlé
Zahlé
Zahlé is the capital and largest city of Beqaa Governorate, Lebanon. With around 50,000 inhabitants, it is the fourth largest city in Lebanon, after Beirut, Tripoli and Jounieh...

 in the Beqaa Valley
Beqaa Valley
The Beqaa Valley is a fertile valley in east Lebanon. For the Romans, the Beqaa Valley was a major agricultural source, and today it remains Lebanon’s most important farming region...

 of Lebanon in the 1890s.

He was educated at St Patrick's College
St Patrick's College, Ballarat
St Patrick's College was founded by the Christian Brothers in 1893. It is a Roman Catholic day and boarding school, located in Ballarat, Australia. It provides education for boys from Year 7 to Year 12, with an emphasis on sporting and academic programmes...

 and Ballarat College of Advanced Education
University of Ballarat
The University of Ballarat is a dual-sector university in Ballarat, Victoria, Australia. It was formed by the passage of an Act of the Victorian Parliament in 1994, from the Ballarat College of Advanced Education...

 (now the University of Ballarat
University of Ballarat
The University of Ballarat is a dual-sector university in Ballarat, Victoria, Australia. It was formed by the passage of an Act of the Victorian Parliament in 1994, from the Ballarat College of Advanced Education...

), where he graduated in business studies and education. He became a keen follower of Australian rules football
Australian rules football
Australian rules football, officially known as Australian football, also called football, Aussie rules or footy is a sport played between two teams of 22 players on either...

, supporting the Geelong Football Club
Geelong Football Club
The Geelong Football Club, nicknamed The Cats, is a professional Australian rules football club, named after and based in the city of Geelong, playing in the Australian Football League . The club has been the VFL/AFL premiers nine times, with a record equalling 3 in the AFL era. Geelong has also...

.

Before politics

From 1976 to 1981 Bracks was a school commerce teacher. During the 1980s he worked in local government in Ballarat and then as Executive Director of the Ballarat Education Centre. While in these positions he twice (1985 and 1988) contested the seat of Ballarat North in the Victorian Legislative Assembly
Victorian Legislative Assembly
The Victorian Legislative Assembly is the lower house of the Parliament of Victoria in Australia. Together with the Victorian Legislative Council, the upper house, it sits in Parliament House in the state capital, Melbourne.-History:...

 for the Australian Labor Party
Australian Labor Party
The Australian Labor Party is an Australian political party. It has been the governing party of the Commonwealth of Australia since the 2007 federal election. Julia Gillard is the party's federal parliamentary leader and Prime Minister of Australia...

.

In 1989 Bracks was appointed statewide manager of Victorian state government employment programs, under the Labor government of John Cain
John Cain II
John Cain , Australian Labor Party politician, was the 41st Premier of Victoria, holding office from 1982 to 1990.-Biography:...

. He then became an advisor to Cain, and to Cain's successor as Premier, Joan Kirner
Joan Kirner
Joan Elizabeth Kirner AM , Australian politician, was the 42nd Premier of Victoria, the first woman to hold the position, which she held for two years prior to a landslide election defeat.-Biography:...

. Here he was able to witness from the inside the collapse of the Labor government following the economic and budgetary crisis which began in 1988. This experience gave Bracks a very conservative and cautious view of economic management in government.

Following the defeat of the Kirner government by the Liberal
Liberal Party of Australia
The Liberal Party of Australia is an Australian political party.Founded a year after the 1943 federal election to replace the United Australia Party, the centre-right Liberal Party typically competes with the centre-left Australian Labor Party for political office...

 leader Jeff Kennett
Jeff Kennett
Jeffrey Gibb Kennett AC , a former Australian politician, was the Premier of Victoria between 1992 and 1999. He is currently the President of Hawthorn Football Club. He is the founding Chairman of beyondblue, a national depression initiative.- Early life :Kennett was born in Melbourne on 2 March...

 in late 1992, Bracks became Executive Director of the Victorian Printing Industry Training Board. He quit this post in 1994 when Kirner resigned from Parliament and Bracks was elected for Kirner's seat of Williamstown in the western suburbs of Melbourne, where he now lives with his wife Terry and their three children.

Early days

Bracks was immediately elected to Labor's front bench, as Shadow Minister for Employment, Industrial Relations and Tourism. In 1996, after Labor under John Brumby
John Brumby
John Mansfield Brumby , is an Australian Labor Party politician who was Premier of Victoria from 2007 to 2010. He became Premier after the resignation of Steve Bracks. He also served as the Minister for Veterans' Affairs and the Minister for Multicultural Affairs. He contested his first election...

 was again defeated, he became Shadow Treasurer. In March 1999, when it became apparent that Labor was headed for another defeat under Brumby's leadership, Brumby resigned and Bracks was elected Opposition Leader.

First term as Premier

Political observers were almost unanimous that Bracks had no chance of defeating Liberal premier Jeff Kennett
Jeff Kennett
Jeffrey Gibb Kennett AC , a former Australian politician, was the Premier of Victoria between 1992 and 1999. He is currently the President of Hawthorn Football Club. He is the founding Chairman of beyondblue, a national depression initiative.- Early life :Kennett was born in Melbourne on 2 March...

 at the November 1999 election: polls gave Kennett a 60% popularity rating. Bracks and his senior colleagues (particularly Brumby, who comes from Bendigo
Bendigo, Victoria
Bendigo is a major regional city in the state of Victoria, Australia, located very close to the geographical centre of the state and approximately north west of the state capital Melbourne. It is the second largest inland city and fourth most populous city in the state. The estimated urban...

) campaigned heavily in regional areas, accusing Kennett of ignoring regional communities. In response, voters in regional areas deserted the Kennett government and Labor increased their seats from 29 to 42, with the Liberals and their National Party
National Party of Australia
The National Party of Australia is an Australian political party.Traditionally representing graziers, farmers and rural voters generally, it began as the The Country Party, but adopted the name The National Country Party in 1975, changed to The National Party of Australia in 1982. The party is...

 allies retaining 43, and three falling to rural independents. With no party having a clear majority, the independents agreed to support a minority Labor government which made Steve Bracks the first Catholic Labor Premier of Victoria since 1932.

Former leader Brumby, appointed Treasurer, was regarded as a major part of the government's success. He and the Deputy Premier, John Thwaites
John Thwaites (Australian politician)
Johnstone William "John" Thwaites , Australian politician, was Deputy Premier of the state of Victoria from 1999 to 2007.-Early life :...

, and the Attorney-General, Rob Hulls
Rob Hulls
Rob Justin Hulls has been a member of the Victorian Legislative Assembly since 1996, representing the electorate of Niddrie. As well as previously serving as the Deputy Premier of Victoria, he was also the state Attorney-General and Minister for Racing.Rob Hulls was born in Melbourne and was...

, were regarded as the key ministers in the Bracks government.

Following a pre-1999 election commitment to consider the feasibility of introducing fast rail services to regional centres, in 2000 the government approved funding for the Regional Fast Rail project
Regional Fast Rail project
The Regional Fast Rail project was a rail transport project of the State Government of Victoria, Australia undertaken between 2000 and 2006 aimed at improving the passenger services on the Victorian regional railway network , specifically to reduce travel times, enhance service frequency and...

, upgrading rail lines between Melbourne and Ballarat, Bendigo, Geelong and Traralgon. However, in 2006 the Victorian Auditor General noted that in spite of $750 million spent, "We found that the delivery of more frequent fast rail services in the Geelong, Ballarat, and Bendigo corridors by the agreed dates was not achieved. In total, the journey time outcomes will be more modest than we would have expected with only a minority of travellers likely to benefit from significant journey time improvements. These outcomes occur because giving some passengers full express services means bypassing often large numbers of passengers at intermediate stations along the corridors."

On 14 December 2000, Steve Bracks released a document outlining his government's intent to introduce the Racial and Religious Tolerance Act 2001
Racial and Religious Tolerance Act 2001
The Racial and Religious Tolerance Act 2001 was implemented by the Steve Bracks' Labor government in the state of Victoria, Australia. It was effective from 1 January 2002.-The Act:The explicit purposes of the Act are:...

.

The major criticism of Bracks's first government was that their insistence on consultation stood in the way of effective, proactive government. Bracks, according to critics, achieved little, and lost the excitement of constant change that was characteristic of the Kennett years. The talents of some of the more junior ministers in the government were also questioned. Nevertheless Bracks got through his first term without major mishaps, and his popularity undiminished.

Second term as Premier

Labor won the 2002 election in a landslide, taking 62 seats out of 88 in the Legislative Assembly, and for the first time in Victorian history, a slim but clear majority in the Legislative Council
Victorian Legislative Council
The Victorian Legislative Council, is the upper of the two houses of the Parliament of Victoria, Australia; the lower house being the Legislative Assembly. Both houses sit in Parliament House in Spring Street, Melbourne. The Legislative Council serves as a house of review, in a similar fashion to...

 as well. While this was the greatest victory Labor had ever had in a Victorian state election, it brought with it considerable risks. With majorities in both houses Bracks could no longer cite his weak parliamentary position as an excuse for inaction. The trade unions, who traditionally feel a strong sense of ownership of Labor state governments, began to be more assertive and inflexible during 2003 and 2004.

On 28 August 2002, Bracks in conjunction with his then New South Wales counterpart
Premiers of New South Wales
The Premier of New South Wales is the head of government in the state of New South Wales, Australia. The Government of New South Wales follows the Westminster system, with a Parliament of New South Wales acting as the legislature...

 Bob Carr
Bob Carr
Robert John "Bob" Carr , Australian statesman, was Premier of New South Wales from 4 April 1995 to 3 August 2005. He holds the record for the longest continuous service as premier of NSW...

, opened the Mowamba aqueduct
Aqueduct
An aqueduct is a water supply or navigable channel constructed to convey water. In modern engineering, the term is used for any system of pipes, ditches, canals, tunnels, and other structures used for this purpose....

 between Jindabyne and Dalgety
Dalgety, New South Wales
Dalgety is a small town in New South Wales Australia, on the banks of the Snowy River between Melbourne and Sydney.The town is located at what was once an important river crossing along the Travelling Stock route from Gippsland to the Snowy Mountains High Country dating from the 1840s.- History...

, to divert 38 gigalitres of water a year from Lake Eucumbene
Lake Eucumbene
Lake Eucumbene is a man-made lake on the Eucumbene River in the Snowy Mountains of Southern New South Wales in Australia. The lake was created by the damming of the river as part of the Snowy Mountains Scheme. The dam was built between 1956 and 1958....

 to the Snowy and Murray rivers. The ten year plan cost A$300million with Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....

 and NSW splitting the costs. Melbourne Water
Melbourne Water
Melbourne Water is a government owned statutory authority that controls much of the water system in Melbourne, Victoria, Australia including the reservoirs, and thesewerage and drainage system that services the city.- Overview :...

 has stated that within 50 years there will be 20 percent less water going into Victorian reservoirs.

In May 2003 Bracks broke an election promise and announced that the proposed Scoresby Freeway in Melbourne's eastern suburbs would be a tollway rather than a freeway, as promised at the 2002 elections. As well as risking a loss of support in marginal seats in eastern Melbourne, this decision brought about a strong response from the Howard
John Howard
John Winston Howard AC, SSI, was the 25th Prime Minister of Australia, from 11 March 1996 to 3 December 2007. He was the second-longest serving Australian Prime Minister after Sir Robert Menzies....

 Federal government, which cut off federal funding for the project on the grounds that the Bracks government had reneged on the terms of the federal-state funding agreement. The decision seems to have been on the recommendation of Brumby, who was concerned with the state's budgetary position. Also opposing the decision was the Federal Labor Opposition, which feared anti-Labor reaction at the 2004 Federal election. The then Opposition Leader Mark Latham
Mark Latham
Mark William Latham , an author and former Australian politician, was leader of the Federal Parliamentary Australian Labor Party and Leader of the Opposition from December 2003 to January 2005....

 described a meeting with Bracks and Federal shadow ministers, writing:
This backflip, whilst seen by many as an opportunity for the Liberals to make ground, saw the then leader of the Liberals, Robert Doyle
Robert Doyle
Robert Keith Bennett Doyle is an Australian politician and the 103rd Lord Mayor of Melbourne, elected on 30 November 2008...

, adopt a much-criticised policy of half tolls, which was later overturned by his successor, Ted Baillieu
Ted Baillieu
Edward Norman "Ted" Baillieu MLA is an Australian politician. He is currently the Premier of Victoria and the member for the Legislative Assembly seat of Hawthorn...

.

In 2005, Bracks announced that Victorian cattlemen would be banned from using Victoria's "High Plains" to graze cattle, ending a 170 year tradition. Stockmen had been fearing this decision since 1984, when a Labor government excised land to create the Alpine National Park
Alpine National Park
The Alpine National Park is a national park in Victoria , northeast of Melbourne. It covers much of the higher areas of the Great Dividing Range in Victoria, including Victoria's highest point, Mount Bogong and the associated subalpine woodland and grassland of the Bogong High Plains...

. 300 cattlemen rode horses down Bourke street in protest. Victorian National Party leader Peter Ryan
Peter Ryan (politician)
Peter Julian Ryan is an Australian politician and leader of the National Party in Victoria. He has represented the electoral district of Gippsland South since 1992, and has been the Deputy Premier of Victoria, Minister for Police as well as the Minister for Rural and Regional Development since 2...

 was quoted as saying that Bracks had "killed the man from Snowy River", a reference to the Banjo Paterson
Banjo Paterson
Andrew Barton "Banjo" Paterson, OBE was an Australian bush poet, journalist and author. He wrote many ballads and poems about Australian life, focusing particularly on the rural and outback areas, including the district around Binalong, New South Wales where he spent much of his childhood...

 poem "The Man from Snowy River".

Bracks's second government achieved one of Victorian Labor's longest-held goals with a complete reform of the state's system for electing its upper house. It saw the introduction of proportional representation
Proportional representation
Proportional representation is a concept in voting systems used to elect an assembly or council. PR means that the number of seats won by a party or group of candidates is proportionate to the number of votes received. For example, under a PR voting system if 30% of voters support a particular...

, with eight five-member regions replacing the current single-member constituencies. This system increases the opportunity for minor parties such as the Greens
Victorian Greens
Australian Greens Victoria, also called the Victorian Greens, is a Green Party located in Victoria, a member of the federation of the Australian Greens party.- Early Years :...

 and DLP
Democratic Labor Party
The Democratic Labor Party is a political party in Australia that espouses social conservatism and opposes neo-liberalism. The first "DLP" Senator in decades, party vice-president John Madigan was elected to the Australian Senate with 2.3 percent of the primary vote in Victoria at the 2010 federal...

 to win seats in the Legislative Council, giving them a greater chance of holding the balance of power. Illustrating the historic importance Labor assigns to the changes, in a speech to a conference celebrating the 150th anniversary of the Eureka Stockade
Eureka Stockade
The Eureka Rebellion of 1854 was an organised rebellion by gold miners which occurred at Eureka Lead in Ballarat, Victoria, Australia. The Battle of Eureka Stockade was fought on 3 December 1854 and named for the stockade structure erected by miners during the conflict...

, Bracks said it was "another victory for the aspirations of Eureka", and has described the changes as "his proudest achievement".

The staging of the 2006 Commonwealth Games
2006 Commonwealth Games
The 2006 Commonwealth Games were held in Melbourne, Victoria, Australia between 15 March and 26 March 2006. It was the largest sporting event to be staged in Melbourne, eclipsing the 1956 Summer Olympics in terms of the number of teams competing, athletes competing, and events being held.The site...

, generally viewed as a success (albeit an expensive one) was viewed as a plus for Bracks and the government. With times reasonably good, a perception arguably reinforced by an extensive government advertising campaign selling the virtues of Victoria to Victorians, polls indicated little interest in change, although towards the end of the election campaign polling indicated that the Liberals under Baillieu were closing the gap.

Third term as Premier

The election campaign was a relatively low-key affair, with the Government and Bracks largely running on their record, as well as their plans to tackle infrastructure issues in their third term. Bracks' image loomed large in Labor's election advertising. Liberal attacks concentrated on the slow process of infrastructure development under Bracks (notably on water supply issues relating to the severe drought affecting Victoria in the election leadup), and new Liberal leader Ted Baillieu
Ted Baillieu
Edward Norman "Ted" Baillieu MLA is an Australian politician. He is currently the Premier of Victoria and the member for the Legislative Assembly seat of Hawthorn...

 promised to start construction on a range of new infrastructure initiatives, including a new dam on the Maribyrnong River
Maribyrnong river
The Maribyrnong River rises about 50 km north of Melbourne, Victoria , near Mount Macedon. It flows generally southward and combines with the Yarra River to flow into Port Phillip....

 and a desalination plant. Labor's broken election promise on Eastlink was also expected to be a factor in some seats in the eastern suburbs of Melbourne.

On 25 November 2006, Steve Bracks won his third election, comfortably defeating Baillieu to secure a third term, with a slightly reduced majority in the Lower House. This marked only the second time that the Victorian Labor Party had won a third term in office. His third term Cabinet was sworn in on 1 December 2006 with Bracks also holding the portfolio of Veterans' Affairs and Multicultural Affairs.

Resignation

Bracks announced his resignation as Premier on 27 July 2007, saying this was in order to spend more time with his family. He stepped down on 30 July 2007. According to the ABC
Australian Broadcasting Corporation
The Australian Broadcasting Corporation, commonly referred to as "the ABC" , is Australia's national public broadcaster...

, Bracks had been under political and personal pressure in the weeks before his resignation. Alone among State Premiers, he had refused to agree to the Federal Government's $10 billion Murray-Darling Basin
Murray-Darling Basin
The Murray-Darling basin is a large geographical area in the interior of southeastern Australia, whose name is derived from its two major rivers, the Murray River and the Darling River. It drains one-seventh of the Australian land mass, and is currently by far the most significant agricultural...

 water conservation plan, and his son had been involved in an accident involving a charge of drunk driving. Bracks told a media conference he could no longer give a 100 per cent commitment to politics:
Bracks' deputy John Thwaites
John Thwaites (Australian politician)
Johnstone William "John" Thwaites , Australian politician, was Deputy Premier of the state of Victoria from 1999 to 2007.-Early life :...

 announced his resignation on the same day. News of the resignations caused surprise to the general community as well as to politicians. It was revealed that then Federal Labor Leader Kevin Rudd
Kevin Rudd
Kevin Michael Rudd is an Australian politician who was the 26th Prime Minister of Australia from 2007 to 2010. He has been Minister for Foreign Affairs since 2010...

 was informed only minutes before the announcement, and tried to talk Bracks out of his decision. Bracks' Treasurer John Brumby
John Brumby
John Mansfield Brumby , is an Australian Labor Party politician who was Premier of Victoria from 2007 to 2010. He became Premier after the resignation of Steve Bracks. He also served as the Minister for Veterans' Affairs and the Minister for Multicultural Affairs. He contested his first election...

 was elected unopposed by the Victorian Labor Caucus
Caucus
A caucus is a meeting of supporters or members of a political party or movement, especially in the United States and Canada. As the use of the term has been expanded the exact definition has come to vary among political cultures.-Origin of the term:...

 as Premier, while Attorney-General Rob Hulls
Rob Hulls
Rob Justin Hulls has been a member of the Victorian Legislative Assembly since 1996, representing the electorate of Niddrie. As well as previously serving as the Deputy Premier of Victoria, he was also the state Attorney-General and Minister for Racing.Rob Hulls was born in Melbourne and was...

 was elected Deputy Premier.

After politics

In August 2007, following his resignation as Premier, Bracks announced he would provide a short-term pro bono
Pro bono
Pro bono publico is a Latin phrase generally used to describe professional work undertaken voluntarily and without payment or at a reduced fee as a public service. It is common in the legal profession and is increasingly seen in marketing, technology, and strategy consulting firms...

 advising role in East Timor
East Timor
The Democratic Republic of Timor-Leste, commonly known as East Timor , is a state in Southeast Asia. It comprises the eastern half of the island of Timor, the nearby islands of Atauro and Jaco, and Oecusse, an exclave on the northwestern side of the island, within Indonesian West Timor...

 working alongside the newly elected Prime Minister Xanana Gusmão
Xanana Gusmão
Kay Rala Xanana Gusmão GCL is a former militant who was the first President of East Timor, serving from May 2002 to May 2007...

. Bracks will spend a year travelling between Melbourne and Dili
Dili
Dili, spelled Díli in Portuguese, is the capital, largest city, chief port and commercial centre of East Timor.-Geography and Administration:Dili lies on the northern coast of Timor island, the easternmost of the Lesser Sunda Islands....

 helping with the establishment of Gusmão's administration, the key departments that will need to be involved, how they'll be accountable and reportable to the legislature. Bracks started his new role in September 2007.

In addition to his role advising Gusmão, Bracks also joined several company advisory boards: KPMG
KPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....

, insurance firm Jardine Lloyd Thompson Group
Jardine Lloyd Thompson Group
Jardine Lloyd Thompson Group is a leading British-based insurance and re-insurance business. It is a constituent of the FTSE 250 Index.-History:...

, the AIMS Financial Group and the NAB
National Australia Bank
National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation...

. The KPMG appointment was controversial, as the Victorian government had awarded the firm over 100 contracts during Bracks' time as Premier. On 14 February 2008, the Federal Labor Government appointed Bracks to head an inquiry into the ongoing viability of the Australian car industry.

In 2010, Bracks was appointed a Companion of the Order of Australia
Order of Australia
The Order of Australia is an order of chivalry established on 14 February 1975 by Elizabeth II, Queen of Australia, "for the purpose of according recognition to Australian citizens and other persons for achievement or for meritorious service"...

 for services to the community and the Parliament of Victoria. In recognition of his distinguised services to the Victorian community, he was awarded the degree of Doctor of Laws (honoris causa) – LL.D (h.c.)
Honorary degree
An honorary degree or a degree honoris causa is an academic degree for which a university has waived the usual requirements, such as matriculation, residence, study, and the passing of examinations...

by Deakin University
Deakin University
Deakin University is an Australian public university with nearly 40,000 higher education students in 2010. It receives more than A$600 million in operating revenue annually, and controls more than A$1.3 billion in assets. It received more than A$35 million in research income in 2009 and had 835...

on 27 April 2010. He was also appointed to the Honorary Chair of the Deakin University Foundation.
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