Jim Murphy calls time on Queensland Under Treasurer role

By The Mandarin

Wednesday August 15, 2018

A vacancy has opened up at Queensland Treasury’s top gig after one of Australia’s high flying Treasury alumni indicates he will be stepping down as Under Treasurer in September.

Jim Murphy

Jim Murphy had turned his hand to banking prior to taking up the Queensland government role, but is best known for his work at the Commonwealth Treasury during the Global Financial Crisis, as advisor for the International Monetary Fund, and for being one half of an Australian Public Service power couple with his late wife Janine.

So respected was Murphy for his GFC work, which earned him a Public Service Medal for his advice to Kevin Rudd and Wayne Swan, the prime minister later tapped Murphy to become chief of staff in his second stint in office.

However, in a town like Canberra, Murphy had namespace competition with an arguably even more famous wine merchant for whom a local bridge was named.

After a spell as an executive with ANZ Bank, Murphy was one of the first appointees of the Queensland government’s reformed merit-based appointment processes in 2015.

Murphy is returning to Sydney, where his family lives, to take up new career opportunities according to Queensland Premier Annastacia Palaszczuk:

“Mr Murphy is one of the most distinguished and respected government leaders and has provided outstanding leadership to Queensland Treasury,” Palaszczuk said. “His economic and financial management skills have seen four successive state budgets delivered for Queensland.

“An experienced hand in senior policy, Mr Murphy has been instrumental in guiding Queensland’s economic transition post the mining boom and my government’s response to multiple natural disasters across the state.”

Former Deputy Under Treasurer Mary-Anne Curtis will act in the top Queensland Treasury role from mid-September while a recruitment process is undertaken.

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