Former Labor leader Bill Shorten has shocked the nation by announcing his retirement from politics. After nearly two decades in public service, Shorten is transitioning to a new career in academia. He is set to take on a highly lucrative role as Vice-Chancellor at the University of Canberra.
A Lucrative Career Change
Shorten’s new position as Vice Chancellor could earn him up to $1.8 million annually. This sum is nearly three times the salary of Prime Minister Anthony Albanese, who earns $607,500 per year. According to the university’s annual report, former Vice Chancellor Paddy Nixon earned this in 2023.
Although Bill Shorten’s salary remains under negotiation, the University of Canberra has confirmed it will be lower than Nixon’s package. However, it is still expected to place him among the highest-paid university heads in Australia.
“We are still finalising Mr Shorten’s remuneration,” a spokesperson for the university said. “It will reflect the university’s operating context and current higher education settings.”
This shift has sparked debate over the high salaries of university executives, an issue that has been increasingly scrutinised in recent years.
Bill Shorten’s Career and Legacy
Shorten announced his retirement in a statement expressing pride in his political career. The former NDIS Minister reflected on his journey from the Australian Workers Union to federal politics.
“Over 30 years ago, I joined the Australian Workers Union, driven by the belief that everyone deserves an equal opportunity,” he said. “Fair wages, safe workplaces, and decent conditions are what it’s all about.”
Since entering politics in 2007, Shorten has held various portfolios, including industrial relations, superannuation, and bushfire reconstruction. Shorten reassured the public that he would continue working until February 2025 despite his departure.
A Surprise Move
Although there had been some speculation about Shorten’s political future, many were surprised by the timing of his decision. Shorten had recently indicated he would run in the next election, but this abrupt exit follows a cabinet reshuffle in July.
Prime Minister Anthony Albanese paid tribute to Shorten’s 17-year parliamentary career. He confirmed that Shorten would remain in his current cabinet position until early next year.
“Bill has given everything to public service every day,” said Albanese. “I’ve asked him to stay in cabinet until February so we can continue reforming the National Disability Insurance Scheme.”
The timing of Shorten’s departure also comes amid rumours that he had been offered diplomatic roles in Europe, particularly as Ambassador to France or High Commissioner to London. However, Shorten previously brushed off those suggestions.
Bill Shorten’s Future
Shorten’s next chapter begins in February 2025, when he will move to Canberra to start his new role. While his retirement marks the end of his political career, his shift to academia signals a continued dedication to public life.
As one of Australia’s most recognisable political figures, Shorten’s move into higher education could bring a fresh perspective to the sector. It also raises questions about the increasingly blurred lines between politics and academia, particularly regarding high salaries for university leaders.
As he prepares for this transition, Shorten expresses his gratitude to his family, particularly his wife Chloe and their children.
“None of this would have been possible without their love and support,” he said. “Chloe has been a tower of strength and courage.”
A Reflection on His Political Career
Reflecting on his political journey, Shorten expressed pride in his work advocating for fair wages, workers’ rights, and equality. He also emphasised his commitment to helping those who start life with fewer advantages
“We are all just passing through,” Shorten remarked. “What matters is whether we leave the place better than we found it.”
Final Thoughts
Bill Shorten’s departure from politics and his move to the University of Canberra marks a significant shift in his career. With his new role, he is expected to command a significantly higher salary than the Prime Minister’s, reigniting debates over executive pay in higher education.
This Bill Shorten news highlights his ongoing influence in Australian public life, even as he steps away from the political spotlight. Bill Shorten’s salary revealed in his new role places him among Australia’s most highly paid academic leaders, a striking transition after years in federal politics.
As Shorten prepares for this new chapter, he leaves behind a legacy of public service and leadership in the Australian Labor Party. His contribution to the National Disability Insurance Scheme and other key reforms will remain part of his enduring impact.
