Home' Future Building: The Australian Infrastructure Review : Volume 4 Number 1 Contents 10 futurebuilding Volume 4 Number 1
The Hon Mike Baird MP
My argument to the Federal Government would be
that, if that windfall gain doesn't sit within their forward
estimates, so there's no recurrent cost, why not take the
funds that are released and put them into infrastructure?
I know the Federal Treasurer is interested in
leading this work, and certainly it is something that
I think we should look at, because it provides an
additional opportunity and an additional incentive.
[Editor's note: Federal and state governments have
since reached an in-principle agreement to look
further at the issue of tax-equivalent payments.] As
governments face political battles over releasing
assets, the more money that we can secure for
infrastructure is not only good for the state, but also
good for the nation.
What we can't forget with infrastructure is that,
underlying it, we are trying to make a difference to
people's lives. Part of that concept is saying 'an asset
for an asset'.
Whether in roads, in hospitals or in a light rail
system in Newcastle, I think understanding the
connection with day-to-day lives and promoting that
is the most powerful way that governments can bring
the community along.
continued from page 7
The Hon Mike Baird MP, New South Wales Treasurer
Following the election of the New South Wales Liberal and Nationals Government on 26 March
2011, Mike Baird was appointed Treasurer of New South Wales, and in September 2012, he gained
the Industrial Relations portfolio. Mike had served as Shadow Treasurer since December 2008, and
previously as Shadow Minister for Energy, Finance and Youth Affairs.
Mike was elected Member for Manly in 2007 after an 18-year banking career incorporating corporate
banking, securitisation, debt capital markets and project nance in Australia, London and Hong Kong.
Career highlights include managing corporate nance transactions across a range of industries for
Deutsche Bank, and being Head of Originations, debt capital markets in London for the NAB.
Prior to his election to Parliament, Mike was Head of Institutional Banking for HSBC in Australia
and New Zealand.
Right: The long-term
leasing of Port Botany
(pictured) and Port
Kembla was key to the
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