Paul Broad

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. Saulwick, Jacob (2 July 2011). "Newsmaker Paul Broad". Sydney Morning Herald. Retrieved 2 July 2011.
  2. De Lore, Amy (25 June 2007). "Big business in palm of Broad's hand". Sydney Morning Herald. Retrieved 3 July 2011.
  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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