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Encyclopedia > Peter Costello
The Hon. Peter Costello

Incumbent
Assumed office 
March 1996
Preceded by Ralph Willis
Succeeded by Incumbent
Constituency Higgins

Born August 14, 1957 (1957-08-14) (age 50)
Melbourne,
Victoria,
Australia Flag of Australia
Political party Liberal Party of Australia
Spouse Tanya Costello (née Coleman)

Peter Howard Costello (born 14 August 1957) is an Australian politician. He has been Deputy Leader of the Liberal Party since 1994, and Treasurer of Australia since 1996, making him the longest serving treasurer in Australian history. The Department of the Treasury, Canberra The Australian Treasurer is the minister responsible for government expenditure and revenue raising. ... For the ecclesiastical office, see Incumbent (ecclesiastical). ... Ralph Willis (born 1938), Australian politician, Treasurer for the final years of the Keating Government. ... The Division of Higgins is an organiation dedicated to the destruction and hatred of Jim Higgins. ... is the 226th day of the year (227th in leap years) in the Gregorian calendar. ... Year 1957 (MCMLVII) was a common year starting on Tuesday (link displays the 1957 Gregorian calendar). ... This article is about the Australian city; the name may also refer to City of Melbourne or Melbourne city centre. ... “VIC” redirects here. ... Image File history File links This is a lossless scalable vector image. ... This article concerns the modern Australian political party. ... is the 226th day of the year (227th in leap years) in the Gregorian calendar. ... Year 1957 (MCMLVII) was a common year starting on Tuesday (link displays the 1957 Gregorian calendar). ... This article concerns the modern Australian political party. ... The Department of the Treasury, Canberra The Australian Treasurer is the minister responsible for government expenditure and revenue raising. ...

Contents

Early life

Peter Costello (left) as a student activist in 1977. Third from right is Michael Danby, now Labor MP for Melbourne Ports.

Costello was born in Melbourne into a middle-class family of practising Christians.[1] He was the second of three children: his elder brother, Tim Costello, is a prominent Baptist minister and current CEO of World Vision Australia. Costello was educated at Carey Baptist Grammar School and attended Melbourne's Monash University, where he graduated in arts and law.[2] Image File history File links Size of this preview: 390 × 599 pixelsFull resolution (586 × 900 pixel, file size: 337 KB, MIME type: image/png)Peter Costello (left) as a young Labor activist, 1977 This image is of a poster, and the copyright for it is most likely owned by either... Image File history File links Size of this preview: 390 × 599 pixelsFull resolution (586 × 900 pixel, file size: 337 KB, MIME type: image/png)Peter Costello (left) as a young Labor activist, 1977 This image is of a poster, and the copyright for it is most likely owned by either... Michael Danby Michael David Danby (born 16 February 1955), Australian politician, has been an Australian Labor Party member of the Australian House of Representatives since October 1998, representing the Division of Melbourne Ports, Victoria. ... This article is about the Australian city; the name may also refer to City of Melbourne or Melbourne city centre. ... For other uses, see Christian (disambiguation). ... Tim Costello Timothy Ewen Costello AO is a prominent Baptist minister, director of World Vision Australia and brother of Australian federal Treasurer Peter Costello Costello was born in Melbourne on 4 March 1955. ... Topics in Christianity Movements · Denominations · Other religions Ecumenism · Preaching · Prayer Music · Liturgy · Calendar Symbols · Art · Criticism Important figures Apostle Paul · Church Fathers Constantine · Athanasius · Augustine Anselm · Aquinas · Palamas · Luther Calvin · Wesley Arius · Marcion of Sinope Archbishop of Canterbury · Catholic Pope Coptic Pope · Ecumenical Patriarch Christianity Portal This box:      Baptist is... It has been suggested that World Vision India, World Vision Australia be merged into this article or section. ... Carey Baptist Grammar School (popularly known as Carey) is a private co-educational Christian International school which has four campuses in Victoria, Australia - Kew (Kindergarten-Year 12), Donvale (Kindergarten-Year 6), the 14 ha Carey Sports Complex in Bulleen and an outdoor education camp near Paynesville in eastern Gippsland called... Robert Menzies Building at the Clayton Campus Monash University is a public university, with campuses located in Victoria, Malaysia and South Africa. ...


During the 1980s, Costello was a solicitor at law firm Mallesons Stephen Jaques,[3] then became a barrister and represented employers in some of Australia's best known industrial relations disputes.[3] Mallesons Stephen Jaques is a commercial law firm that operates in the Asia-Pacific region. ...


In 1983 and 1984, Costello represented the National Farmers' Federation in a case against the Australasian Meat Industry Employees Union (AMIEU). The AMIEU was seeking a unit tally system to be set up in abattoirs in the Northern Territory. The dispute focussed on one abattoir Mudginberri which chose to fight the AMIEU claim. Ultimately the AMIEU claim was unsuccessful. The National Farmers Federation (NFF) is an Australian organisation made up of constituent state-level farmers organisations, national commodity councils, and other affiliated members. ... The Mudginberri abattoir was the focus of a major industrial relations dispute in the 1980s. ... The Australasian Meat Industry Employees Union, better known as the Meatworkers Union, is an Australian trade union, registered with the AIRC and affilitated to the ACTU. The AMIEU was formed in 1906 as the Federated Butchers Union, and changed its name to the AMIEU in 1912. ... Slogan or Nickname: The Territory, The NT, The Top End Motto(s): none Other Australian states and territories Capital Darwin Government Constitutional monarchy Administrator Ted Egan Chief Minister Clare Martin (ALP) Federal representation  - House seats 2  - Senate seats 2 Gross Territorial Product (2004-05)  - Product ($m)  $10,418 (8th)  - Product... The Mudginberri abattoir was the focus of a major industrial relations dispute in the 1980s. ...


Costello became counsel to organisations representing small business and rose to prominence in the 1985 Dollar Sweets case, as junior counsel assisting Alan Goldberg QC, successfully representing a confectionery company involved in a bitter industrial dispute.[4][5] A small business may be defined as a business with a small number of employees. ... Snack Foods Limited is an Australian snack food company and was officially formed on the 25 November 1999, and is owned by the Campbell Soup Companys Australian subsidiary, Arnotts Biscuits Holdings Pty Ltd. ...


Political provenance

During his student years, Costello was active in student politics as a socially radical Christian. For a time, he was an office-bearer of the Social Democratic Students Association of Victoria, an affiliate of the Victorian Branch of Australian Young Labor. “VIC” redirects here. ... Australian Young Labor is the youth wing of the Australian Labor Party. ...


In 1977, Costello was injured by a rival student politician, receiving mainstream media attention for the first time in his career as a result.[6]


After graduating, he became more conservative but retained liberal views on some social issues.


In March 1984, Costello was a founding member of the H. R. Nicholls Society,[7] an Australian plutocratic think tank on industrial relations. The H.R. Nicholls Society is an Australian right wing think tank on industrial relations. ... A plutocracy is a form of government where the states power is centralized in an affluent social class. ... This article is about the institution. ... A Boeing employee speaks at a trade union rally The field of industrial relations looks at the relationship between management and workers, particularly groups of workers represented by a union. ...


In the late 1980s, he was identified as part of the New Right movement,[4] which was organised to some extent in the aforementioned H. R. Nicholls Society. This article does not cite any references or sources. ... The H.R. Nicholls Society is an Australian right wing think tank on industrial relations. ...


Member of Parliament

In 1990, having defeated the sitting Liberal member Roger Shipton in a preselection ballot for the safe Liberal electorate of Higgins, Costello entered the House of Representatives at the age of 32. He was immediately promoted to the Opposition front bench and proved an effective debater against the Labor government of Bob Hawke and Paul Keating. By 1992 he was shadow Attorney-General, and in 1993 he became shadow Finance Minister under Dr John Hewson. He was a strong supporter of Hewson's policy proposals at the 1993 elections, including the goods and services tax (GST). [citation needed] Roger Francis Shipton (b. ... The Division of Higgins is an organiation dedicated to the destruction and hatred of Jim Higgins. ... Australian House of Representatives chamber Entrance to the House of Representatives The Australian House of Representatives is one of the two houses (chambers) of the Parliament of Australia. ... Robert James Lee (Bob) Hawke, AC (born 9 December 1929) was the 23rd Prime Minister of Australia after previously being an Australian trade union leader. ... For other persons named Paul Keating, see Paul Keating (disambiguation). ... For the English soldier and regicide, see John Hewson (regicide). ... The Goods and Services Tax is a Value-added tax that exists in a number of countries. ...


Hewson's shock defeat at the 1993 election brought Costello into consideration as a leadership contender. When Hewson was deposed as Liberal leader in May 1994, Costello supported Alexander Downer for the leadership, becoming his Deputy Leader and shadow Treasurer. However, in January 1995, Downer resigned. Costello did not seek the leadership, instead supporting John Howard. It was revealed in July 2006 that this may have been due to a December 1994 meeting between Howard and Costello at which, Costello and Ian McLachlan (the only other person present) claim, Howard agreed to stand aside after one and a half terms as Prime Minister in return for Costello's agreement not to challenge for the leadership. However, Howard has denied making such a deal.[8] Federal elections were held in Australia on 13 March 1993. ... Alexander John Gosse Downer, MP (born 9 September 1951), Australian politician, became Foreign Minister of Australia in March 1996 This makes him the longest serving Foreign Minister in Australian history. ... John Winston Howard (born 26 July 1939) is an Australian politician and the 25th Prime Minister of Australia. ... Ian Murray McLachlan (born 2 October 1936) is an Australian landowner and politician. ...


Federal Treasurer (1996-present)

Costello became Federal Treasurer at age 38. He oversaw the return to and maintenance of federal budget surpluses, which enabled significant reduction in government debt and helped insulate Australia from the 1997 Asian Financial Crisis. Inflation, interest rates and unemployment all fell and remained generally low during Costello's term as Treasurer, although average household debt more than doubled.[9] The East Asian Financial Crisis was a period of economic unrest (or financial contagion) that started in July 1997 in Thailand with the financial collapse of the Thai Baht, and affected currencies, stock markets, and other asset prices in a number of Asian countries. ...


Tax reform became a major policy focus for Costello. Although Prime Minister Howard promised during the 1996 election that he would "never, ever" introduce a GST, it returned as Liberal Party policy for the 1998 election, and Costello was an effective campaigner for it. When the GST legislation was passed through the Senate with the help of the Australian Democrats, however, it was Howard who received credit. Until July 2005, Costello's own agenda of labour market deregulation remained blocked by the government's lack of a Senate majority. Federal elections were held in Australia on 3 October 1998. ... Australian Senate chamber Entrance to the Senate The Senate is the upper of the two houses of the Parliament of Australia. ... The Australian Democrats is an Australian political party which was formed in 1977 through a merger of the Australia Party and the Liberal Movement after principals of those minor parties secured the commitment of former Liberal minister Don Chipp as a high-profile leader[1]. The new party was based...


Costello supported the 1999 referendum to make Australia a republic.[10] Elections Part of the Politics series Politics Portal This box:      A referendum (plural: referendums or referenda) or plebiscite (from Latin plebiscita, originally a decree of the Concilium Plebis) is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal. ... Judicial High Court Lower Courts Constitution State and territory governments Executive Governors and Administrators Premiers and Chief Ministers Legislative Parliaments and Assemblies State electoral systems ACT - NSW - NT - Qld. ...


After the 2001 election, he attracted criticism for not securing funding for a key election promise to extend the Medicare safety net[citation needed] Medicare is Australias publicly-funded universal health care system, operated by the government authority Medicare Australia. ...


In February 2006, Costello caused controversy during a lecture at the Sydney Institute when questioned about the government's refusal to legally recognise same sex marriage. He stated, "I think we do recognise the rights of gay and lesbian people in Australia. We do not criminalise [their] conduct or behaviour." He also pointed out that the law was changed in 2004 to recognise same sex couples with regards to superannuation. He stated that marriage should only be recognised between heterosexual couples.[11]. Also during the same speech, Costello criticised "mushy misguided multiculturalism," warning immigrants that the acceptance of Australian values was "not optional."[12] The Sydney Institute, founded in 1989, is a privately funded current affairs forum and think-tank. ... Heterosexuality is a sexual orientation characterized by esthetic attraction, romantic love or sexual desire exclusively for members of the opposite sex or gender, contrasted with homosexuality and distinguished from bisexuality and asexuality. ... The multicultural national representation of the countries of origin at the student union of San Francisco City College. ...


Leadership aspirations

Costello expected to gain the Liberal leadership some time during Howard's second term as Prime Minister, per Howard's alleged December 1994 offer.[8] When this did not eventuate, he showed signs of frustration and was visibly disappointed when Howard announced, in July 2003, his intention to lead the government into the 2004 elections.


During the 2004 election campaign, Howard avoided saying whether he would serve a full term if re-elected, saying only he would remain as long as his party supported him. The government's subsequent success in winning control of the Senate raised further speculation that Howard would delay his retirement, and the prospect of a Costello leadership succession appeared to recede. Legislative elections were held in Australia on 9 October 2004. ... Australian Senate chamber Entrance to the Senate The Senate is the upper of the two houses of the Parliament of Australia. ...


In July 2006, the alleged Costello/Howard succession deal of the 1994 deal was made public by McLachlan. Costello soon after confirmed the incident occurred and that he shared McLachlan's interpretation of events.[13] Howard denied the claims repeatedly, stating the continued public drama displayed "hubris and arrogance" and that the leadership was the party room's to decide, not a prize to be handed over by leaders to successors.[14]


Press Gallery columnist Michelle Grattan described Costello's actions : Michelle Grattan AO is one of the most respected journalists in Australia. ...

Costello doesn't have the numbers to blast John Howard out. But he does have the dirt to make him look bad, and he's throwing it. He's attacking the PM's integrity and honesty, painting him as a man who offered an undertaking - without being asked - and then welshed on it. Mr Howard is left with just repeating that there wasn't a deal to give over the leadership.[15]

Despite tensions between the Prime Minister and Treasurer, nothing further came of those events. Neither Howard nor Costello took any action to remove the other from office or resign. However, on 12 September 2007, amid renewed leadership tensions and a series of unfavourable public polls, Howard confirmed he would step aside well into the next term, if re-elected, and that Costello would be his "logical successor".[16] is the 255th day of the year (256th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


References

  1. ^ "Peter Costello: Beyond Economics", ABC Radio National, 2001-03-04. Retrieved on 2007-09-06. 
  2. ^ The Hon Peter Costello MP, Member for Higgins (Vic). Parliament of Australia (September 2007). Retrieved on 2007-09-06.
  3. ^ a b Peter Costello - Prominent Monash Alumnus.. Monash University (March 2007). Retrieved on 2007-09-06.
  4. ^ a b Kelly, Paul (December 1994). The End of Certainty: Power, Politics, and Business in Australia. Allen & Unwin. ISBN 978-1863737579. 
  5. ^ "Peter Costello: Up Close and Personal", ABC Radio National, 2004-08-23. Retrieved on 2007-09-06. 
  6. ^ The World Today "Peter Costello, From Campus to Caucus" - 16 March 2005, ABC Radio National.
  7. ^ The H.R. Nicholls Society and its Work.. The H.R. Nicholls Society, Inc. (January 1993). Retrieved on 2007-09-06.
  8. ^ a b "Power marriage on the rocks", Sydney Morning Herald, Fairfax Media, July 11, 2006. Retrieved on 2007-09-03. 
  9. ^ Kryger, Tony (2007). "Economic indicators: Whitlam to Howard" (HTML). August 2007 update. Parliamentary Library, Commonwealth of Australia. Retrieved on 2007-09-07.
  10. ^ Transcript of The Hon Peter Costello MP, Treasurer - interview with John Faine, 3LO. Commonwealth of Australia (August 1999). Retrieved on 2007-09-06.
  11. ^ "Gay marriage comments 'appalling'", Sydney Morning Herald, Fairfax Media, February 23, 2006. Retrieved on 2007-09-03. 
  12. ^ Josh Gordon and Jewel Topsfield. "Our values or go home: Costello", The Age, Fairfax Media, February 24, 2006. Retrieved on 2007-09-03. 
  13. ^ "Howard promised me a handover: Costello", ABC News online, 2006-07-10. Retrieved on 2006-09-28. 
  14. ^ Howard calls for end to leadership deal 'hubris'. ABC News (2006-07-11). Retrieved on 2006-09-28.
  15. ^ Michelle Grattan. "Dirt flies as endgame approaches", The Age, Fairfax Media, 2006-07-11. Retrieved on 2006-09-28. 
  16. ^ O'Brien, Kerry. "John Howard on the latest round of leadership turmoil", 7:30 Report, ABC, 2007-09-12. Retrieved on 2007-09-13. 

Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... ... It has been suggested that John Fairfax Holdings be merged into this article or section. ... is the 192nd day of the year (193rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... HTML, short for Hypertext Markup Language, is the predominant markup language for web pages. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 250th day of the year (251st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 249th day of the year (250th in leap years) in the Gregorian calendar. ... ... It has been suggested that John Fairfax Holdings be merged into this article or section. ... is the 54th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... This article does not cite any references or sources. ... It has been suggested that John Fairfax Holdings be merged into this article or section. ... is the 55th day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 191st day of the year (192nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 192nd day of the year (193rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... Michelle Grattan AO is one of the most respected journalists in Australia. ... This article does not cite any references or sources. ... It has been suggested that John Fairfax Holdings be merged into this article or section. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 192nd day of the year (193rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 271st day of the year (272nd in leap years) in the Gregorian calendar. ... The Australian Broadcasting Corporation or ABC is Australias national non-profit public broadcaster. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 255th day of the year (256th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 256th day of the year (257th in leap years) in the Gregorian calendar. ...

External links

  • Official Site
  • The Australian Treasury
  • Parliament Site
  • Respect Australian values or leave: Costello Interview with Peter Costello, by Tony Jones for Australian Broadcasting Corporation's "Lateline" TV program.
Preceded by
Michael Wooldridge
Deputy Leader of the Liberal Party of Australia
1994-
Succeeded by
(incumbent)
Preceded by
Ralph Willis
Treasurer of Australia
1996-
Succeeded by
(incumbent)
Current Members of the Australian House of Representatives from Victoria

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Labor | Liberal | National
Persondata
NAME Costello, Peter Howard
ALTERNATIVE NAMES
SHORT DESCRIPTION Australian politician
DATE OF BIRTH 14 August 1957
PLACE OF BIRTH Melbourne, Victoria, Australia
DATE OF DEATH living
PLACE OF DEATH

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Lateline - 23/08/2005: Respect Australian values or leave: Costello (2718 words)
PETER COSTELLO: What I've said is that this is a country, which is founded on a democracy.
PETER COSTELLO: I'd be saying to clerics who are teaching that there are two laws governing people in Australia, one the Australian law and another the Islamic law, that that is false.
PETER COSTELLO: Well, where a person has dual citizenship, Tony, it might be possible to ask them to exercise that other citizenship where they could just as easily exercise a citizenship of another country.
Peter Costello - Wikipedia, the free encyclopedia (1351 words)
Peter Howard Costello (born 14 August 1957), Australian politician, has been Deputy Leader of the Liberal Party since 1994, and Treasurer in the Australian government since 1996.
Costello was born in Melbourne, into a middle-class family of committed Christians: his brother, Tim Costello, is a prominent Baptist minister and current CEO of World Vision Australia.
Peter Costello (left) as a student activist in 1977.
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