Wednesday, February 12, 2025

Victorian Treasurer announces political retirement

Victorian Treasurer, Tim Pallas, has today announced his retirement from politics.

Mr Pallas advised Premier, Jacinta Allan, of his intension to resign as Treasurer, Minister for Industrial Relations, Minister for Economic Growth and as Member for Werribee.

In a statement, Mr Pallas said it had been an honour and a privilege to serve the Allan Labor Government and the governments of former Premiers Bracks, Brumby and Andrews.

“I have been honoured and humbled to serve the Victorian people for 18 years as a Member of Parliament, 14 years as a Minister and 10 years as Treasurer,” he said.

“Renewal is important, and after 10 years as Treasurer it is time for me to hand over the reins. Importantly, this will allow the Government to establish the strong team that will contest the 2026 election.

“I would like to thank the incredible staff across the public service I have had the privilege of working with – your frank and fearless advice will be forever appreciated.

“I would like to thank the great Australian trade union movement from which I came.

“I would like to sincerely thank my staff, who have worked so tirelessly and fearlessly for the Government, the people of Werribee and of Victoria. You live your values every day.

“Thank you to the people of Werribee for your support, it has been an honour serving you – and through you – the people of Victoria in Parliament.”

Premier Allan is yet to announce a replacement for the departing Treasurer.

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