Watkins was an elected as a member of the
New South Wales Legislative Assembly representing the electorate of
Gladesville in the
1995 election for the
Labor Party. Gladesville was abolished in the
1999 election and Watkins contested and won the new seat of
Ryde in the election. Watkins was appointed Minister for
Fair Trading and
Sports (1999–2001), Minister for
Education (2001–2003) and Minister for
Police (2003–2005). Watkins was appointed Deputy Premier in August 2005, following the resignation of
Andrew Refshauge and upon the appointment of
Morris Iemma as Premier. Watkins held the
cabinet position of Transport Minister from January 2005. In 2006, whilst retaining Transport, Watkins unexpectedly returned to the Police portfolio following the abrupt sacking of
Carl Scully. Scully had earlier succeeded Watkins as Police Minister in 2005. Watkins held both Transport and Police until he was appointed Minister for Finance on 30 March 2007 following the
reelection of the Iemma Government. Watkins resigned from Cabinet and retired from Parliament in 2008, saying that he had been unable to balance work and family. His retirement triggered the unintentional downfall of Premier Morris Iemma three days later. His resignation came at a bad time for the government; its polling numbers were in free fall only a year after winning reelection. In the
ensuing by-election, Ryde was resoundingly lost to
Liberal Victor Dominello on a swing of 23.7 percent; only a year earlier, Watkins had been reelected with 60 percent of the two-party vote. ==Post politics==