John Stone | |
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Senator for Queensland | |
In office 11 July 1987 – 1 March 1990 |
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Succeeded by | Bill O'Chee |
Secretary of the Department of the Treasury | |
In office 8 January 1979 – 14 September 1984 |
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Personal details | |
Born | 31 January 1929 |
Nationality | Australian |
Political party | National Party of Australia |
Alma mater | Oxford University |
Occupation | Public servant |
John Owen Stone (born 31 January 1929) is a former Australian politician and public servant. He served as Secretary to the Treasury between 1979 and 1984, and as a Senator for Queensland representing the National Party from 1987 to 1990.
John Stone was born on 31 January 1929 in Perth, Western Australia. After gaining First Class Honours in Mathematical Physics for his Bachelor of Science degree and representing his state at hockey (under 21), he was selected as the Rhodes Scholar from Western Australia for 1951.
At Oxford he was awarded First Class Honours in Philosophy, Politics and Economics (PPE) and won the James Webb Medley Prize for Economics. Then, in 1954, he returned to Australia and joined the Treasury.
Stone rose within the Treasury department to become Secretary during the reign of Prime Minister Malcolm Fraser. He penned a severe critique of Fraser's economic policies, which was used against the Liberal Party once the Australian Labor Party won the 1983 federal election. He supported some of the Hawke-Keating government's economic reforms, although he had little time for Bob Hawke or Paul Keating personally. Although it did not become effective until 14 September 1984, he announced his resignation from the Treasury on 15 August 1984, just six days before the 1984-85 Budget was handed down. This was seen by commentators at the time as a strong comment on the government's direction.