Full Name: Paul John Keating
Profession: 24th Prime Minister of Australia
Why Famous: Paul Keating was elected to the Australian House of Representatives at the young age of 25 and went on to serve through 10 terms. He rose through the ranks in opposition before being appointed Treasurer in Bob Hawke's 1983 Labor government.
Although he later became Prime Minister, his impact was perhaps greater as Treasurer, a post he held for eight years. As Treasurer he took a number of steps to deregulate the Australian economy, floating the Australian dollar and allowing foreign banks to operate in Australia.
In 1991 Keating lost a leadership bid against Bob Hawke only to succeed six months later in December 1991. In 1993 he led the Labor Party to an unexpected victory in federal elections. As Prime Minister he is best remembered for establishing a Council for Aboriginal Reconciliation.
Keating retired from politics after losing the 1996 election to a Liberal-National Party coalition.
- 1991-12-20 Paul Keating becomes Prime Minister of Australia after rolling Bob Hawke for leadership of the Labor party
- 1993-03-13 Australian Federal elections: Australian Labor Party headed by Paul Keating re-elected for a fifth term