Michael Egan, the respected former treasurer of New South Wales, has died aged 75 after a long illness. The specifics of his illness have not been released, but it is known that it has significantly affected his health in recent years.
Egan’s political career was marked by his tenure as NSW’s longest-serving Treasurer, a role he held from 1995 to 2005 under Premier Bob Carr. During his tenure, he was instrumental in returning the state budget to a surplus and was a key figure in the implementation of significant reforms. Egan’s leadership of the Legislative Council was unprecedented as he became the first member of the upper house to serve as treasurer, a position he held for nearly a decade.
“Michael Egan was a giant of state politics and public life. His contribution to the economic health of the state cannot be overstated,” said Premier Chris Minns.
After retiring from politics, Egan continued his lifelong commitment to public service. He served as Chancellor of Macquarie University from 2008 to 2019, during which time he received an honorary doctorate and had the university hall named in his honour. His influence extended beyond the political and educational spheres, as he also chaired the Australia Day Council of NSW and the Centenary Institute of Cancer Medicine and Cell Biology.
Egan’s death is a significant loss for New South Wales, marking the end of an era for a man who dedicated his life to the betterment of his community, both in and out of the political sphere. His commitment to economic management and public service leaves a lasting legacy that will continue to be felt throughout the state.
In the years leading up to his death, Egan struggled with a serious illness, which, despite the challenges, did not deter him from active involvement in community service. His health difficulties highlighted his resilience and unwavering commitment to the causes he believed in.
The death of the former treasurer ends a legendary career dedicated to fostering economic strength and implementing social reforms. As a testament to his impact, tributes from colleagues and those who knew him highlight his resilience and commitment to improving the lives of people in New South Wales.