Maurice Newman

For the painter and sculptor, see Maurice Newman (artist).

Maurice Lionel Newman AC (born 20 April 1938 in Ilford, England) is an Australian businessman who has served in a range of public roles, including as Chairperson of the Australian Broadcasting Corporation, chair of the board of the Australian Stock Exchange, Chancellor of Macquarie University, and a member of the Prime Minister's Business Advisory Council from September 2013 to September 2015. His political views are generally considered conservative.

Biography

Born in Ilford, in what was then Essex, Newman migrated to Sydney at a young age with his family, settling in Pymble. He was educated at North Sydney Boys High School and the University of Sydney, where he obtained a degree in economics.

Newman's career spanned forty years in stockbroking and investment banking, including as Managing Director in 1984, and Executive Chairman from 1985 until 1999, of what is now the Deutsche Bank Group in Australia. He was Chairman of the Deutsche Bank Asia Pacific Advisory Board and a Director of Deutsche Bank Asia Pacific from 1999 to 2001. He was also Chairman of Deutsche Asset Management (Australia) Limited from 1997 until 2000; retiring from Deutsche Bank in July 2001.

Newman chaired a number of Asian business alliances including the East Asia and Oceania Stock Exchange Federation, and the Australia Taiwan Business Council. He has been an adviser to Australian governments, as a member of the Consultative Committee on Relations with Japan (1984–1987); a Commissioner of the National Commission of Audit (1996); a member of the Business Advisory Panel established by the Minister for Multicultural Affairs (1997–2002); Chairman of the National Judging Panel for Innovation in Local Government (1997–1998); Chairman of the Commonwealth Government's National Year 2000 Steering Committee (1997–2000) and the Business Mature Age Workforce Advisory Group (2000–2001); Co-Chair of the Singapore Australia Business Alliance Forum (1999–2002); Chairman of the Federal Treasurer's Financial Sector Advisory Council (1998–2007); Member of the New South Wales Premier's Major Events Board (2002–2004); Chairman of the Sydney Convention & Visitors Bureau (2001–2007); and Chairman of Tourism NSW (2002–2007).

In 1997, he was Australia's Private Sector Representative to the First Commonwealth Heads of Government Meeting Business Forum held in London. In 1999 he led a delegation of senior Australian executives to New York promoting "Australia, the Dynamic Success Story of the Asia Pacific - A Centre for Global Financial Services".

Newman was Chairman of Acrux Limited (1999–2003); Chairman of the Sydney Legacy Citizen's Committee (1998–2004); Member of the Advisory Committee of Australasian Medical Insurance Ltd (January – August 2003); Member of the Advisory Council of the Asia Society AustralAsia Centre (2001–2004); Member of the Business Council of Australia's Chairmen's Panel (2003–2007); and Civil Patron, Royal Australian Naval reserve, Professional Studies Program (2005–2009).

He served as Chancellor of Macquarie University from 2002 to February 2008. Currently he is an Honorary Professor at Macquarie University and Honorary Chair of the Macquarie University Foundation Patrons.

He was a Director of the Australian Broadcasting Corporation from 2000 to 2004; and served as Chairman of the ABC between 1 January 2007 to 31 March 2012. On 31 March 2012, he stood down as Chair of the ABC and was succeeded by James Spigelman AC QC.

In 2002 Newman was appointed an Advisor to the Marsh Group of Companies. In June 2004, he was appointed a Director of the Queensland Investment Corporation.

He retired as Chairman of ASX Limited on 24 September 2008.

Political views

Conservatism

Newman helped establish the Centre for Independent Studies, a conservative Australian political think-tank. He was a member of the first CIS Board which also included Neville Kennard and Ross Graham-Taylor. Newman was associated with, and spoke at, a CIS event in December 2007 given in honour of conservative economist Milton Friedman. Newman is said to have been a close friend of former Australian Prime Minister John Howard. Interviewed in 2010 about their friendship by the Institute of Company Directors, Newman stated: "Much is made of my friendship with Howard, which is long standing. Little is made of my friendship with Bill Hayden, which is just as close and of longer standing. The truth is, I am not party political. I have voted on both sides of the fence, state and Federal, because I am driven not by labels, but by policies." During Newman's tenure as Chairman of the Australian Broadcasting Corporation, Rupert Murdoch delivered the 2008 Boyer Lectures, "A Golden Age of Freedom". On the subject of financial market regulation Newman is reported as having said: "Politicians are getting into regulation and Regulators want to get into business. Regulators should look at ways to ensure transparency, but should not end up killing the business."

Climate change

Newman rejects the scientific consensus on global warming and has repeatedly advanced conspiratorial views about climate change. In a speech to senior ABC staff on 10 March 2010 he said climate change was an example of "group-think". According to an account of the speech broadcast on ABC PM radio, Newman stated that "Contrary views had not been tolerated, and those who expressed them had been labelled and mocked. Mr Newman has doubts about climate change himself and says he's waiting for proof either way." When interviewed by Brendan Trembath he said:

"But climate change is at the moment an emotional issue but it really is the fundamental issue about the need to bring voices that have authority and are relevant to the particular issue to the attention of our audiences so that they themselves can make decisions. So that we are seen to trust and respect them sufficiently that they can make up their own minds about the various points of view that are being expressed through the medium of the ABC."

In answer to the question of whether he was a climate change denier he replied:

"I am an agnostic and I have always been an agnostic and I will remain an agnostic until I've found compelling evidence on one side or the other that will move me. I think that what seems fairly clear to me is that the climate science is still being developed. There are a lot of question marks about some of the fundamental data which has been used to build models that requires caution."

In an opinion piece in September 2013 Newman said: "The CSIRO … and the weather bureau, continue to propagate the myth of climate change …". More recently, he called climate change a delusion, stating that: "[The IPCC] progressively has applied mass psychology through a compliant media to spread the delusion that wicked Western industrialists are causing irreparable damage to the climate."

Newman wants the current Australian target for electricity generated by renewable sources dumped because he does not accept climate change science and says renewable energy is pushing up prices.

In August 2014, Newman was widely criticised by leading scientists and newspaper journalists for stating that the earth is undergoing "cooling" rather than warming. Furthermore, he has suggested that climate change is propaganda aimed at bringing about a one world government controlled by the United Nations.

Wind farms

In January 2012 Newman had an article published in The Spectator in which he expressed views in opposition to wind energy. He wrote, "I am not a conspiracy theorist, but we have witnessed the birth of an extraordinary, universal and self-reinforcing movement among the political and executive arms of government, their academic consultants, the mainstream media and vested private sector interests (such as investment banks and the renewables industry), held together by the promise of unlimited government money. It may not be a conspiracy, but long-term, government-underwritten annuities have certainly created one gigantic and powerful oligopoly which must coerce taxpayers and penalise energy consumers to survive." His article concluded, "But don’t expect help from academia, mainstream media or the public service. They are members of the same establishment and worship together at the altar of global warming. By ruthlessly perpetuating the illusion that wind farms can somehow save the planet, they keep the money flowing. All the while the poor become poorer, ever more dependent on welfare and colder in winter."

In July 2014, Newman was "kicked off" a wind farm committee after it was discovered he was attempting to restrict speakers from attending meetings.

See also

• Australian Broadcasting Corporation
• Centre for Independent Studies
• Conservatism in Australia
• Howard Government
• Renewable energy debate