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The Latest Breaking News from Peter Costello

Nine's metro TV ad revenue falls as company eyes AI

Nine is facing declining ad revenues across its metro free-to-air channels, as the board assesses the threats and opportunities of artificial intelligence.

AAP

Future Fund boss Peter Costello won't seek third term

Australia's former federal treasurer Peter Costello won't seek a third term as chair of the Future Fund and recruitment for his replacement is underway.

AAP

Treasurer to take fresh look at Future Fund

Australia's sovereign wealth fund could be in for a shake-up, including new personnel, as the Labor government continues its renewal of institutions.

AAP

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Strong political leaders are electoral gold – but the trick is in them knowing when to stand down

March this year marked the 60th anniversary of a famous “gotcha” moment in 1963, when Labor leader Arthur Calwell and his deputy, Gough Whitlam, were photographed outside the Hotel Kingston in Canberra.

The Conversation

If you are really worried about the next generation, the only thing that matters is climate change

The only thing the current generation absolutely needs to do for the next generation is stop burning fossil fuels as quickly as possible

The Guardian - AU

Paul Bongiorno: Prepare for another tax and spend budget

The rituals of the budget are as predictable as they are frustrating, including the mantra that all Labor governments do is tax and spend.

The New Daily

First surplus in 15 years expected as Albanese government delivers second budget

If the federal government's forecast is realised, Jim Chalmers would be the first treasurer to deliver a surplus since Peter Costello.

ABC News

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Tax breaks cost a reported $250 billion, but handle these new figures with care

Treasurer Jim Chalmers promised a Tax Expenditures Statement by the end of February – and he delivered this week, just in time, on Tuesday February 28.

The Conversation

Forget the cries of socialism and class warfare, super is no longer politically untouchable

The hysterical response to changes in superannuation policy, led by the Murdoch press, is not as effective as it used to be

The Guardian - AU

Paul Bongiorno: Government needs to play the politics of broken promises carefully

The worst thing a government can do, according to opposition politicians and some of the commentariat, is to break election promises.

The New Daily

Former treasurer Peter Costello criticises both Labor and Coalition over their economic management

The former Liberal treasurer has some harsh words for governments past and present.

ABC News

ACA journalist faces court over assaults

A Current Affair reporter Seb Costello has faced a Melbourne court after being charged with assaulting a man and woman in Richmond.

AAP

Nine launches buyback off record profits

Nine will buy back up to 10 per cent of the company's shares after announcing record profits for 2021/22.

AAP

Michael Pascoe: Money laundering and corrupt cash in real estate – another item for Labor

There is a lot on Labor’s agenda for fixing, but a place needs to be found ending real estate being used for money laundering and investing corrupt cash.

The New Daily

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The Guardian - AU

Nine publisher says he was not contacted by Peter Costello over Nine’s Crown coverage

James Chessell sends email to staff after both he and the Nine chairman were the subject of an email attack by James Packer

The Conversation

Australia's Reserve Bank has got a lot right, but there's still a case for an inquiry

Treasurer Jim Chalmers is about to commission an independent review of the Reserve Bank of Australia. Refreshingly, his election promise was bipartisan – both sides of politics want it.

The Conversation

Dutton, set to become Liberal leader, wants people to see 'the rest of my character'

Peter Dutton has declared there is more to him than his tough side, as he formally announces he will stand for the Liberal leadership.

AAP

Leaders bump heads over housing policy

Both sides of politics are clashing over housing policy as Scott Morrison refuses to speculate on his plans in the event of a Coalition defeat.

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AAP

Future Fund battling challenging markets

The Future Fund has delivered positive returns and exceeded its targets despite challenging markets, its chair Peter Costello says.

The Guardian - AU

Hell hath no fury like the last days of Australia’s 46th parliament

The derangements of party factionalism, the mean girls and bullyboys, were finally punctured by the gravitas of Volodymyr Zelenskiy via videolink

The New Daily

Paul Bongiorno: Expensive, temporary and targeted – and likely to fail

The death rattle of sinking governments is billions of dollars being shovelled out the door in an attempt to buy the votes of an unimpressed electorate.

The New Daily

Michael Pascoe: Morrison’s gone, cynical Frydenberg trying to save the furniture

Scott Morrison is gone. Anthony Albanese will win the election. Josh Frydenberg is fighting to save some of the furniture. There, it’s been said.

The New Daily

Michael Pascoe: Guess what? The RBA does not run the economy

You could be forgiven for thinking the only thing that matters for growing the economy is what the RBA board eats on the first Tuesday of the month.

AAP

Costello warns of challenging times ahead

The Future Fund, which was set up in 2006 to cover future liabilities of public servants, has surpassed $200 billion for the first time.

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