Age, Biography and Wiki

Michael Costa was born on 15 July, 1956 in Newcastle, New South Wales, is an Australian politician. Discover Michael Costa's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 67 years old?

Popular As N/A
Occupation Union official
Age 67 years old
Zodiac Sign Cancer
Born 15 July, 1956
Birthday 15 July
Birthplace Newcastle, New South Wales
Nationality Australia

We recommend you to check the complete list of Famous People born on 15 July. He is a member of famous politician with the age 67 years old group.

Michael Costa Height, Weight & Measurements

At 67 years old, Michael Costa height not available right now. We will update Michael Costa's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Michael Costa's Wife?

His wife is Helen (div.) Deborah

Family
Parents Not Available
Wife Helen (div.) Deborah
Sibling Not Available
Children 2 sons, 2 daughters

Michael Costa Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Michael Costa worth at the age of 67 years old? Michael Costa’s income source is mostly from being a successful politician. He is from Australia. We have estimated Michael Costa's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income politician

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Timeline

1950

Costa was born in Newcastle to Greek Cypriot migrants who came to Australia in the 1950s.

1956

Michael Costa (born 15 July 1956) is a former Australian Labor politician.

1979

In 1979, Costa began work as a rigger at the Garden Island naval dockyard.

It was there where he was first involved with the Australian labour movement becoming a Delegate for the Federated Ironworkers' Association (now Australian Workers' Union).

During this period he also studied at night at the University of Sydney.

1983

In 1983, Costa joined the NSW Railways and started work as a trainee engineman, but never progressed to a driver, and became active in the Australian Federated Union of Locomotive Enginemen (AFULE).

At the time the AFULE had a militant leadership who began a series of strikes over differences with the Australian Railways Union, whereby brake vans were removed from goods trains, and the guards were given locomotive jobs.

This led to Costa running against the incumbent leadership of the union in the AFULE's elections which Costa won convincingly.

1989

In 1989, Costa was elected as an organiser with the Labor Council of New South Wales.

1991

Costa stood as the Labor Candidate for Strathfield at the 1991 election but was unsuccessful.

1998

In 1998, he was elected as Secretary of the Labor Council.

He was the first Secretary to be of a non-English-speaking background.

2001

He was a member of the New South Wales Legislative Council from 2001 until 2008, and Treasurer of New South Wales from 2006 to 2008 and held other ministerial portfolios in the governments of premiers Bob Carr and Morris Iemma.

Costa was appointed to the Legislative Council in 2001 following the resignation of Johno Johnson in the Carr Labor Government.

Costa served as Police Minister from 21 November 2001 until 2 April 2003.

2003

Costa served as Transport Services Minister from 2 April 2003 until 21 January 2005.

He was also appointed as Minister for the Hunter, Minister Assisting the Minister for Natural Resources and Minister Assisting the Minister for State Development.

The Transport portfolio was controversial during this time, mainly due to rail line closures and a train driver dispute.

He is credited with the bus reform policies pursued by the Government.

2004

He also ordered the closure of the Murwillumbah line in April 2004 and the near-closure of part of the Newcastle line.

In 2004, train reliability was affected by a train driver dispute.

This mainly stemmed from a "shortage of fit drivers and an unauthorised overtime ban" by drivers.

Journalist Miranda Devine wrote that "health and psychometric checks of drivers, random drug and alcohol testing and "data loggers" on trains, which can be used to monitor a driver's speed, have caused disquiet among workers."

NSW Unions said of Costa and the rail executive that "there has been a total breakdown in goodwill between RailCorp and its workforce."

2005

When the Treasurer Michael Egan resigned unexpectedly in January 2005, the then Premier, Bob Carr, took the opportunity for a major reshuffle.

Costa was subsequently shifted sideways to Roads and the minor portfolios of Ports and Economic Reform and replaced in Transport by John Watkins.

Costa was Roads Minister between 21 January and 3 August 2005.

Following a cabinet reshuffle brought about by the resignation of Premier Carr in August 2005, Costa became the Minister for Finance and Infrastructure.

2006

Costa was appointed Treasurer on 17 February 2006.

His time as Treasurer was marked by his relationship with his Federal counterpart, Peter Costello, at a time when the state's economy had begun to contract, raising the spectre of a recession.

Costa was the architect of his government's plans to privatise NSW's electricity sector and in the face of union opposition was arguing that the move would create jobs and secure a new power station to meet power demand.

After the NSW ALP conference voted down the privatisation plans, Costa threatened to quit if the policy did not pass the NSW Parliament.

2008

In September 2008, with Opposition from the Liberal and National Parties, as well as dissident Labor MPs, the privatisation bill was defeated.

Soon afterwards, amid mounting leadership speculation, Morris Iemma dumped Costa as Treasurer, but then resigned as Premier after losing the support of the dominant right faction, and was replaced by Nathan Rees.

Costa announced that he was quitting politics, and after resigning from his seat was replaced by John Robertson.

A week after his sacking, Costa said the Government was dominated by "spin merchants" and "machine politicians" who were unqualified to govern.

Costa is seen as pro-economic development.

The Sydney Morning Herald described him as: :''There's no holding back from Costa when he advocates coal mining, aluminium smelters and the privatisation of the electricity industry.

This is an unabashed supporter of economic considerations above all else, for public service reform and for not believing climate-change doomsayers.

As he puts it: "I want to see economic prosperity. I make no apology for that."'' Costa has been described as the "State Government's leading climate change sceptic" mainly because of his views supporting increasing capacity of smelters and power stations.