Paul Anthony Broad (born 8 April 1951) is an Australian economist known for his management of government business departments. In 2011 he was appointed as the Chief Executive Officer of Infrastructure NSW.[1] He is an advocate of user-pays pricing, and has a philosophical commitment to involving the private sector.[1]

Early life

Moved from the Central Coast to the Newcastle area in 1964.[2]

He attended high school at Hamilton Marist Brothers college.[2]

He received Honours and master's degrees from Newcastle University in Economics. His honours thesis was on the perils of price control in the milk industry.[1]

Career

Broad began his career in the Federal Treasury in Canberra in 1974.[3] In 1978 he returned to Newcastle to complete a Masters of Commerce (Economics).[3]

1979 - Assistant director Industries Assistance Commission.[3]

1993 - Hunter District Water Board as an economist.... move back to Newcastle.

1993 - Sydney Water

1997 - EnergyAustralia

2004 - Private business - Managing Director of PowerTel

2007 - Merger with AAPT - Was spokesman for industry opposition to the National Broadband Network, saying "We're having a massive income transfer from metro to the bush. Now that may be a good thing but don't hide it in the price."[4]

2011 - Appointed Chief Executive Officer of Infrastructure NSW ($500,000 salary - highest paid bureaucrat in NSW History).[5]

As of 2011 Broad is a director of Kuth Energy.[6]

2013 - Appointed Chief Executive of Snowy Hydro.

2019-20 - As CEO of Snowy Hydro Broad receives over $2 million in salary and bonuses.[7]

2022 - Resigned as CEO of Snowy Hydro.[8]

Personal life

Broad is married to Genevieve (his second wife) and they have two children. He is a keen surfer starting as a teenager and continuing into middle age.[9]

Political positions

Broad is an advocate of user-pays pricing, and champions the power of the market. This led to substantial pricing changes at Hunter Water and consequently demand dropped by 30 percent.[1] When Chief Executive of Energy Australia, prices increased by 5.3% in 2004, which the opposition claimed would hit lower income families hard.[10] He is also philosophically committed to involvement of the private sector, and in his role at the head of Infrastructure NSW has been reported supporting rail privatisation, congestion charges, and expanded tollways.[11]

References

  1. 1 2 3 4 Saulwick, Jacob (2 July 2011). "Newsmaker Paul Broad". Sydney Morning Herald. Retrieved 2 July 2011.
  2. 1 2 De Lore, Amy (25 June 2007). "Big business in palm of Broad's hand". Sydney Morning Herald. Retrieved 3 July 2011.
  3. 1 2 3 Totaro, Paola (12 March 1993). "Water Chief supports 'user pays'". Sydney Morning Herald. p. 3. Retrieved 3 July 2011.
  4. ↑ Broad, Paul (11 April 2011). "The National Broadband Network". ABC Television. Retrieved 2 July 2011.
  5. ↑ "Archived copy". Archived from the original on 3 March 2016. Retrieved 19 March 2021.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ↑ Lee, Tracy (16 June 2011). "NSW has Broad plan in place for infrastructure". The Australian. Retrieved 3 July 2011.
  7. ↑ Curtis, Katina (5 November 2020). "Government executives share in $12.8m of bonuses during public servant pay freeze". The Sydney Morning Herald.
  8. ↑ Quinlan, Heather (26 August 2022). "STATEMENT ON SNOWY HYDRO'S LEADERSHIP". Snowy Hydro. Retrieved 26 August 2022.
  9. ↑ Phelan, Amanda (28 April 1994). "Water Board surf star in a surprise prize switch". Sydney Morning Herald. Retrieved 3 July 2011.
  10. ↑ "Electricity companies get nod to raise prices". The Sydney Morning Herald. 11 June 2004.
  11. ↑ Saulwick, Jacob (30 June 2011). "Sell the trains? More toll roads? Bring it on, says O'Farrell's go-to man". Sydney Morning Herald. Retrieved 7 July 2011.
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