Costello to retire at next federal election

25/05/2018 Posted by admin

(2/2)CANBERRA – Former treasurer Peter Costello has answered one of the lingering questions in Australian politics, announcing he’ll retire at the next federal election. Mr Costello revealed his intentions on his website yesterday, shortly after informing his leader, Malcolm Turnbull, and his electorate committee in his eastern Melbourne seat of Higgins. He will not seek to stand again in Higgins, the nominations for which close at the end of this month ahead of the next election, due in 18 months. Both Mr Turnbull and Prime Minister Kevin Rudd paid tribute to Mr Costello in Parliament. After almost 20 years in politics, nearly 12 of them as the nation’s longest-serving federal treasurer in successive Liberal governments, Mr Costello said it had been an honour and a privilege to serve in a period representing “the best years of my life”. The decision puts an end to the almost constant speculation, since he declined the leadership after the 2007 election loss, that he would eventually challenge. A beaming Mr Turnbull told the Parliament that it was a “momentous day” in its history. “Peter Costello for all his years in Parliament has stood on the side of freedom and enterprise,” Mr Turnbull said. “He has served our nation well. We salute him and thank him for service.” Mr Rudd said that as treasurer, Mr Costello had played a significant role in the formation of the G20 finance ministers’ group and in dealing with the fallout of the Asian financial crisis. “They were correct decisions in the national interest,” Mr Rudd said. “On behalf of his confreres and great mates in the Australian Labor Party, we wish him well, we wish his family well, in what has been quite an extraordinary career in Australian public life.”
Nanjing Night Net

This story Administrator ready to work first appeared on Nanjing Night Net.

Comments are closed.