Michael Egan, the esteemed former treasurer of New South Wales, has passed away at 75 following a prolonged illness. The specifics of his illness have not been disclosed, but it is known that it significantly impacted 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 the administration of Premier Bob Carr. During his time in office, he was instrumental in returning the state’s budget to surplus and was a key figure in implementing substantial reforms. Egan’s leadership in the Legislative Council was unprecedented as he became the first upper house member to serve as treasurer, a position he held for almost a decade.
“Michael Egan was a giant of state politics and public life. His contribution to the state’s economic health cannot be overstated,” reflected Premier Chris Minns.
After stepping away from politics, Egan continued his lifelong dedication to public service. He served as chancellor of Macquarie University from 2008 to 2019, during which time he received an honorary doctorate and had a university hall named in his honor. 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 passing 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 realm. His commitment to economic stewardship and public service leaves a lasting legacy that will continue to be felt across the state.
In the years leading up to his death, Egan battled a serious illness, which, despite its challenges, did not deter him from his active engagement in community services. His health struggles underscored his resilience and unwavering commitment to the causes he believed in.
The former treasurer’s death concludes a storied 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 dedication to improving the lives of those in New South Wales.
