Hon. Peter Costello AC was Treasurer of the Commonwealth of Australia from March 1996 to December 2007. He was Deputy Leader of the Liberal Party of Australia from May 1994 to November 2007.
He delivered twelve federal budgets including ten surpluses. During this period the Australian Sovereign Credit Rating was updated twice to its current AAA rating.
In 2006, after eliminating Government debt in net terms, Mr Costello established the Australian Future Fund. From its original deposit, the Future Fund has grown to hold around to $135 billion in assets.
Mr Costello has also served on the IMF Committee, as a World Bank Governor and 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.
He is currently Chairman of the Future Fund. He is also Chairman of the Nine Entertainment Corporation.