[1] Rae served as a Shadow Minister with portfolios that included Industry and Commerce, Finance, and Education and Science.

[3] Rae led a four-year investigation of the capital markets of Australia, particularly the Stock Exchanges.

[4] In 1999 Rae was made an Officer of the Order of Australia "for service to business and commerce, to the Federal and Tasmanian Parliaments, and to the Aboriginal community of Flinders Island.

He was Vice Chairman of REN21 (2008-2013) and is a member of the International Jury of the Energy Globe Sustainability Awards.

He was an invited industry delegate to the inaugural International Renewable Energy Conference in Bonn in 2004 and was a member of the United Nations Expert Group as a Lead Reviewer and keynote speaker for the Beijing International Renewable Energy Conference in 2005.