Former Treasurer of Australia
Peter Costello is the longest serving Treasurer in Australia's history, having been Treasurer of the Commonwealth of Australia from 11 March 1996 to 3 December 2007. He was Deputy Leader of the Liberal Party of Australia from May 1994 to November 2007. In January 2011 Mr Costello was made a Companion (AC) in the Order of Australia.
Mr Costello is Chairman of the Australian Future Fund and Chairman of the Nine Entertainment Corporation. He is a member of the Independent Advisory Board of the World Bank, a Company Director and a Corporate Advisor, advising on mergers and acquisitions, foreign investment, competition and regulatory issues.
During his time as Australia's Treasurer, Mr Costello was responsible for foreign investment policy, competition (antitrust) policy, corporate regulation, superannuation, tax policy and the Federal Budget. He brought down twelve Federal Budgets, eliminated government debt in net terms and established Australia's Future Fund. During Mr Costello's period as Treasurer, Australia's sovereign rating was upgraded twice to AAA level.
Mr Costello set up Australia's system of financial regulation with the Australian Securities and Investments Commission and the Australian Prudential Regulatory Authority established in 1998 and the Financial Services Reform Act of 2001. He introduced Australia's monetary policy targets by agreement with the Reserve Bank of Australia.
For more than a decade Mr Costello was a Governor of the World Bank and the Asian Development Bank. He was also a member of the Committee of the International Monetary Fund. He has been Chairman of the OECD Ministerial and the APEC Finance Ministers. He was involved in the establishment of the G20 after the Asian Financial Crisis and was Global Chairman of the G20 in 2006.
Mr Costello has Bachelor of Arts and Bachelor of Laws (with Honours) degrees from Monash University. Prior to entering parliament, he practiced in law for ten years, and was a Barrister and Counsel in some of Australia's best-known industrial disputes.
Mr Costello has been a columnist for Australia's Fairfax and News Limited papers and has been published in the Financial Times and the Wall St Journal. Mr. Costello released his best-selling book, The Costello Memoirs published by Melbourne University Press in 2008.
With a raft of experience on the domestic and international political and financial stage, Mr Costello an entertaining, insightful and highly sought after keynote speaker at corporate events.