Hon Peter Costello AC

Peter Costello began his career as a lawyer. From 1990 – 2009 he served as a Member of the House of Representatives and was Treasurer of the Commonwealth of Australia from March 1996 to December 2007

He delivered twelve federal budgets including ten surpluses. During this period Australia’s Sovereign Credit Rating was updated twice to its current AAA rating

Mr Costello set up Australia’s system of financial regulation by establishing the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). He also established the Takeovers Panel

In 2006, after Government debt was eliminated in net terms, Mr Costello established the Australian Future Fund. From its original deposit, the Future Fund has grown to hold around $160 billion in assets

Mr Costello has served on the IMF Committee, as a World Bank Governor and as Chairman of the Global Group of 20 Finance Ministers & Central Bankers (G-20)

After leaving politics in 2009, Mr Costello joined a number of international and domestic boards including the Independent Advisory Board to the World Bank which he Chaired and was Chairman of the Future Fund, Australia’s sovereign wealth fund, and Nine Entertainment Corporation

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