Henry offered board position with NAB
(7 October 2011 – Australia) Former Treasury boss Ken Henry has been offered a position on National Australia Bank’s (NAB) board from 1 November as a non-executive director.
Dr Henry retired as Treasury secretary in March, although he has since been retained by the Gillard government as an adviser on economic issues.
Last week Dr Henry was named to lead a major review of Australia's engagement with Asia.
NAB chairman Michael Chaney last night said Dr Henry had ''extensive experience in both domestic and international finance sector policy''.
Dr Henry, 53, began his career in public service at the Australian Bureau of Statistics in 1979. After a stint lecturing in economics at the University of Canterbury in New Zealand, he joined the Australian Treasury in 1984 before leaving two years later to serve as a senior adviser to Paul Keating.
He returned to Treasury in 1991 and became secretary in 2001 - a job that included serving on the Reserve Bank board, the Board of Taxation and the Council of Financial Regulators.
In May 2008 the Rudd government commissioned him to run its ''root and branch'' review of the taxation system, a two-year process that would yield a 6000-page report and ideas including the resources super profits tax. Addressing the tax summit in Canberra yesterday, Dr Henry conceded he mishandled the selling of the proposed mining super-profits. He said his review took for granted that Australians understood the difference between normal profits and super-normal profits.
Last week Dr Henry was named to lead a major review of Australia's engagement with Asia.
NAB chairman Michael Chaney last night said Dr Henry had ''extensive experience in both domestic and international finance sector policy''.
Dr Henry, 53, began his career in public service at the Australian Bureau of Statistics in 1979. After a stint lecturing in economics at the University of Canterbury in New Zealand, he joined the Australian Treasury in 1984 before leaving two years later to serve as a senior adviser to Paul Keating.
He returned to Treasury in 1991 and became secretary in 2001 - a job that included serving on the Reserve Bank board, the Board of Taxation and the Council of Financial Regulators.
In May 2008 the Rudd government commissioned him to run its ''root and branch'' review of the taxation system, a two-year process that would yield a 6000-page report and ideas including the resources super profits tax. Addressing the tax summit in Canberra yesterday, Dr Henry conceded he mishandled the selling of the proposed mining super-profits. He said his review took for granted that Australians understood the difference between normal profits and super-normal profits.
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