After Politics
In August 2007, following his resignation as Premier, Bracks announced he would provide a short-term pro bono advising role in East Timor working alongside the newly elected Prime Minister Xanana Gusmão. Bracks was to spend a year travelling between Melbourne and Dili helping with the establishment of Gusmão's administration, the key departments that would need to be involved, and advising on how they would be accountable and reportable to the legislature.
In addition to his role advising Gusmão, Bracks also joined several company advisory boards: KPMG, insurance firm Jardine Lloyd Thompson Group, the AIMS Financial Group and the NAB. The KPMG appointment was controversial, as the Victorian government had awarded the firm over 100 contracts during Bracks' time as Premier. On 14 February 2008, the Federal Labor Government appointed Bracks to head an inquiry into the ongoing viability of the Australian car industry.
In 2010, Bracks was appointed a Companion of the Order of Australia for services to the community and the Parliament of Victoria. In recognition of his distinguised services to the Victorian community, he was awarded the degree of Doctor of Laws (honoris causa) – LL.D (h.c.) by Deakin University on 27 April 2010. He was also appointed to the Honorary Chair of the Deakin University Foundation.
Read more about this topic: Steve Bracks
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“The one thing sure about politics is that what goes up comes down and what goes down often comes up.”
—Richard M. Nixon (1913–1995)