Former treasurer Peter Costello has slapped down claims by the big banks that shareholders will feel the pain of a new $6.2 billion bank levy.
Former prime minister John Howard has expressed concerns about a multi-billion-dollar hit on Australia's biggest banks, but defended the budget as a realistic political document.
The Liberal Party's longest-serving treasurer, Peter Costello, has suggested the Turnbull government's projected budget surpluses will not be enough to pay back Australia's ballooning debt.
Australia's top economic bureaucrat has begged the government not to spend the coming windfall from soaring coal and iron ore prices, saying if it did it would repeat the mistakes of prime minister John Howard and treasurer Peter Costello in the earl
Future Fund chairman Peter Costello has signalled the sovereign wealth fund will face an uphill battle to hit its long-term performance target.
Australian business leaders including JB Hi-Fi CEO and former Treasurer Peter Costello declared Sunday penalty rates are 'outdated' and should be slashed - while they raced on luxury yachts
Former treasurer Peter Costello criticises federal politicians for wasting so much time debating the backpacker tax and says "One Nation has now mainstreamed itself".
Former Howard government treasurer Peter Costello warns that Australia's financial position is "not strong" and that returns from the Future Fund he chairs will be weaker.
A good chunk of Scott Morrison's budget problems could have vanished, just as they vanished for Peter Costello during mining boom at the start of the century.