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Max Brennan graduated from the University of Sydney in 1954 with a BSc(Hons), and in 1958 with a PhD. He was awarded honorary degrees from Flinders University, Queensland University of Technology and Sydney University. Professor Brennan was made an Officer in the Order of Australia in 1985, and was elected a Fellow of the Australian Academy of Science in 1988.

He has had a distinguished academic career as Research Associate at Princeton University; Foundation Professor of Physics at Flinders University; and Professor of Physics at the University of Sydney. He also spent several years at Flinders University and Sydney University as Deputy Vice-Chancellor. Professor Brennan has also served on many committees, including the International Fusion Research Council, Australian Atomic Commission and the Australian Research Council. He retired in 1997 and is currently Emeritus Professor and consultant on higher education and research. In this capacity, he has been chairman of the Science and Engineering Panel of the CRC Program and World Bank consultant in Indonesia and Chile.