John A. Fraser

Mr Fraser was appointed Secretary to the Treasury effective 15 January 2015. John was Chairman and CEO of UBS Global Asset Management from late 2001 to 2013 based in London.  During this time, John was also a member of the UBS Group Executive Board and Chairman of UBS Saudi Arabia.  In 2014, John remained as Chairman of UBS Global Asset Management, Chairman of UBS Saudi Arabia and Chairman of UBS Grocon Real Estate. Other recent appointments have included MSCI Editorial Advisory Board, the Investment Advisory Board of Fedesa SAM (Monaco) and the AccountAbility Advisory Council (New York). John was Chairman of Victorian Funds Management Corporation from 2009 to early 2015.  Prior to joining UBS and its predecessor organisations in 1993, John served for over twenty years with the Australian Treasury including appointment as Deputy Secretary (Economic) from 1990 – 1993 and postings at the International Monetary Fund (1978-1980) and as Minister (Economic) at the Australian Embassy in Washington DC (1985-1988). In 1996, John was a member of the Australian Government’s Audit Commission into public sector finances.  John was also a Board member of the Audit Committee of the Australian Stock Exchange (1997-2003) and a Governor of Marymount International School for girls at Kingston-upon-Thames in the United Kingdom (2007-2012). John graduated from Monash University, Melbourne, in 1972, with a first-class honours degree in economics and, in 2013, was awarded an honorary Doctorate of Laws by the University.  John is Deputy Chairman of the Monash-Warwick University Alliance Circle.  He was awarded a Centenary medal by the Commonwealth Government in 2001 for service to Australian society through business and economics.

Review of the R&D tax incentive

The Turnbull Government is encouraging feedback from Australia’s research and development (R&D) community, businesses and industry groups and other stakeholders on the R&D Tax Incentive Review findings released today. The review was undertaken by Chair of Innovation Australia Bill Ferris, Australia’s Chief Scientist Alan Finkel...

Pre-election economic and fiscal outlook 2016

The Charter of Budget Honesty Act 1998 (the Charter) provides for the Secretary to the Treasury and the Secretary of the Department of Finance (the Secretaries) to release publicly a Pre‑election Economic and Fiscal Outlook report (PEFO) within 10 days of the issue of the...

Opening statement, Senate Economics Legislation Committee: 2016-17 Budget Estimates

The Budget forecasts indicate that the Australian economy continues to transition from mining investment-led growth to broader-based growth. But real GDP growth is forecast to be below potential over the next two years at 2½ per cent in 2015-16 and 2016-17 and then strengthen to...

Charter of budget honesty: policy costing guidelines

The Charter of Budget Honesty Act 1998 (the Charter) outlines arrangements under which the Secretaries to the Treasury and the Department of Finance (the Secretaries) may be requested to cost election commitments during the caretaker period prior to a general election. The Charter also allows...