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In February 2016, Costello was appointed chairman of the Nine Entertainment Co, which owns mastheads like The SMH/Age and The AFR.
Over his tenure, we witnessed copious articles supporting the ‘Big Australia’ mass immigration policy, bordering on propaganda.
On Monday, Peter Costello gave a speech to the UBS Australasia conference in Sydney, where he admitted that Australia’s immigration program is far too high and has ‘jumped the shark’:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.