Peter Costello on the Legacy of Reform and the Road Ahead

From economic reform and rising government spending to cultural shifts and the decline of liberalism, Costello reflects on the ideas that shaped the Howard years and what’s needed to renew them today. 👉 Support Sound Economic Research: 🔹 Become a member: https://www.cis.org.au/membership-2-step-1/ 🔹 Make a donation: https://www.cis.org.au/support/donate/today/ 🔹 Learn more: https://www.cis.org.au/ Peter Costello was elected to seven terms as a Member of the Australian House of Representatives and was Treasurer of the Commonwealth of Australia from March 1996 to December 2007, the longest term of any Treasurer in Australian history. Mr Costello 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 establishing the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). He also established the Takeovers Panel. In 2006, after the Government debt was eliminated in net terms, Mr Costello established the Australian Future Fund. From its original deposit, the Future Fund has grown to over $230 billion invested in diverse asset classes. Mr Costello served as Chairman of the Future Fund from 2014-2024. Mr Costello has served on the IMF Committee 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 and was chair of the Independent Advisory Board to the World Bank. Mr Costello was Chairman of the Nine Entertainment Corporation from 2016-2024. NEC is the largest Australian-owned media company with television, radio, publishing and streaming operations. ______________________________________________________________________________________________ CIS promotes free choice and individual liberty and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can prosper. Follow CIS on our Socials; Twitter - https://twitter.com/CISOZ Facebook - https://www.facebook.com/CentreIndependentStudies/ Linkedin - https://www.linkedin.com/company/the-centre-for-independent-studies/ Telegram - https://t.me/centreforindependentstudies 📖 Read more from CIS here: https://www.cis.org.au/ 💬 Join in the conversation in the comments. 👍 Like this video if you enjoyed it and want to see more, it really helps us out! 🔔 Subscribe to our channel and click the bell to watch our videos first: https://www.youtube.com/channel/UC5c-JkKHb0YxFZ81XBtFCmw?sub_confirmation=1 ⏲️ Missed this event live? Subscribe to CIS to be up to date with all our events: https://www.cis.org.au/subscribe/ 📝 Subscribe to CIS mailing list- https://www.cis.org.au/subscribe/ 💳 Support us with a tax-deductible donation at - https://www.cis.org.au/support/