In this podcast, Paul Tilley and Peter Costello AC are in conversation with Michelle Grattan on Paul’s important new book, Changing Fortunes: A History of the Australian Treasury, which examines how Treasury has evolved: in its economic thinking and with its influence on policy. Changing Fortunes tracks Treasury’s history since Federation, with a focus on the modern era since its 1976 split with Finance.

Paul Tilley was an economic adviser to governments for 32 years, working at senior levels in all parts of Treasury, as well as other key agencies such as the Department of Prime Minister and Cabinet, the Treasurer’s office and the OECD. He is now a Senior Fellow at the Melbourne Law School, a Visiting Fellow at the Australian National University Tax and Transfer Policy Institute and works with a number of non-government organisations.

Peter Costello AC was Treasurer of the Commonwealth of Australia from 11 March 1996 to 3 December 2007, the longest serving Treasurer in Australia’s history. Peter Costello brought down twelve consecutive Federal Budgets, including ten surpluses. He was elected Deputy Leader of the Liberal Party of Australia in May 1994 and served in that post until November 2007. Peter Costello is a Company Director and a Corporate Advisor with ECG Financial Pty Ltd, Chairman of the Australian Future Fund and Chairman of the Nine Entertainment Corporation.

Michelle Grattan AO is one of Australia’s most respected political journalists and a former editor of the Canberra Times. She has been held positions with the Australian Financial Review, the Sydney Morning Herald and as Political Editor of The Age. Michelle currently has a dual role, as Professorial Fellow at the University of Canberra and as Chief Political Correspondent at The Conversation. 

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