Ticker Talk

Joe Hockey says rising government debt and a welfare bill larger than income tax could change how capital is taxed in Australia. Here's the full conversation, including what he learned from losing the Treasurer's job in front of the whole country.

In Part 2, former Treasurer and former Ambassador to the United States Joe Hockey talks about his time in politics and his life since. He covers government debt, the "age of entitlement", why capital is moving to lower-tax jurisdictions, and what he'd tell a government serious about cutting red tape.

He also tells the story of arriving in Washington as a new ambassador, why he reached out to Donald Trump's campaign when no one thought Trump would win, and how he built Bondi Partners from a card table in a basement during COVID.

In this episode:

00:00 Introduction
01:21 Australia as a Financial Centre: Where It Stands
04:46 Government Debt, Bond Markets and Capital Taxes
07:10 Where Wealth Is Moving: Singapore, Florida, Low-Tax Hubs
13:15 Losing the Treasurer's Job and the Prime Ministership
13:56 Tony Abbott, Malcolm Turnbull and Brutal Politics
17:35 Arriving in Washington: The Charity Dinner Story
19:42 Reaching Out to Trump Before He Won
21:16 Trump 2.0 vs Trump 1.0, and Mark Carney23:41 Building Bondi Partners and the 1941 Fund
27:00 The Perth Bears and AI in Rugby League
30:37 The Prop: Hockey and the Queen
32:29 Rapid Fire Questions

Whether you follow Australian politics, financial markets, or the personal stories behind the people who've shaped our economy, this conversation is worth the full watch.

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

What happens when investors start demanding more transparency from the companies and markets they trust?

In this episode, Joe Hockey joins the conversation about where his family originated from, how he talked his way into a career in politics and reflects on his career in Australian politics, financial markets and economic policy and why he believes transparency and integrity could become increasingly important to the future of stock exchanges.

Hockey shares stories from his early political career, his experience during Australia's recession of the early 1990s, and his time as Minister for Financial Services. He also discusses competition between exchanges, the importance of efficient capital raising, the impact of technology and why he believes investors may increasingly look to exchanges for greater transparency and credibility.

Chapters:

00:00 Introduction

00:42 Family Origins

03:48 Sydney University Politics And The Birth Of The Varsity Party

08:21 Working As A Lawyer Through The 90s Recession

11:29 Beating An "Unbeatable" Independent In North Sydney

12:09 The Campaign Bus Story

14:47 Becoming One Of John Howard's Youngest Ministers

15:36 The HIH Collapse And The Royal Commission

16:49 Pushing The ASX To Buy The Sydney Futures Exchange

18:58 Why Capital Will Drift Back To Trusted Exchanges

Whether you're interested in Australian politics, financial markets, or the personal stories behind the people who've shaped our economy, this one's worth the full watch.

Tune into the next episode for more of Joe Hockey's political career, the stories, the decisions, and what he'd do differently

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL

Irene Deutsch started out sorting share applications on the floor at midnight during one of Australia's biggest bank floats. Decades later, she's the CEO of the country's oldest jeweller. This episode traces one of the more unexpected career journeys in Australian finance.In this episode of Ticket Talk, we sit down with Irene Deutsch, CEO, Managing Director and proprietor of Fairfax & Roberts, Australia's oldest jeweller. Before jewellery, Irene spent decades in banking and broking, starting at Macquarie Bank in a tiny sales team, moving to Goldman Sachs and later working at ANZ, before an unexpected turn led her to run one of Sydney's most storied heritage brands

Chapters:

00:00 Introduction

01:15 Growing up in Sydney as the daughter of a Holocaust survivor

02:14 University, Japanese studies and her first jobs

06:28 Starting out in a tiny Macquarie Bank sales team

11:43 The move to Goldman Sachs

14:19 Leaving banking to run Fairfax & Roberts

16:30 Inside Australia's oldest jeweller

18:19 Buying diamonds, gemstones and the lab-grown disruption

21:19 Why jewellery beats banking for her now

26:08 Rapid fire round

Subscribe to Ticker Talk for more honest conversations with leaders who've built careers, businesses and industries from the inside out.

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

If you care about how real decisions get made in Australian boardrooms, and what separates merely competent directors from truly great chairs, this episode is a rare inside look. David Gonski shares what he’s learned across decades on major boards, in education and in the arts, from judging the Archibald Prize to helping steer iconic companies like Westfield, ASX and Coca‑Cola Amatil.

We explore how he moved from law into becoming a trusted adviser to some of the country’s most successful business leaders, why trust matters more than transactions, and how art, education and even a simple pen shape his thinking about leadership in the age of AI.

Chapters

• 00:00 Introduction
• 00:32 Transitioning from Law to Business Advisory
• 02:46 The 1987 Financial Crisis and Business Resilience
• 03:33 Why Public Service Matters Outside of Business
• 05:43 Adjudicating the Archibald Prize 19 Times
• 07:23 Art, Human Perspective, and the Limits of AI
• 08:41 A Lesson in Perception from Artist Arthur Boyd
• 11:25 What Makes an Effective Board Chairman
• 16:24 Why Serving on Public Boards Is Harder Today
• 17:58 Inside Westfield: Working with Sir Frank Lowy
• 21:44 The Analog Pen: Personal Reflection on Original Thought
• 23:36 Rapid Fire Questions: Leadership, Walking, and Persistence

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

In this episode, David Gonski shares how his family uprooted their lives to move to Australia, why he didn’t follow in his father footsteps into neurosurgery, and how great teachers and mentors reshaped his path from debating student to young M&A partner and, eventually, adviser to some of the country’s most influential business leaders.

If you’re interested in leadership, education, career pivots or the human side of corporate Australia, this conversation offers grounded, thoughtful insights without the spin.

00:00 Introduction
00:24 Growing up in Cape Town and moving to Australia
03:52 No sporting talent but mentors who saw more
07:36 Sydney Grammar and his father's career reinvention
09:56 The decision that broke his father's heart
10:46 An unexpected obsession with architecture
12:17 Choosing law over the courtroom
15:10 Finding his real mentor, Kim Santo
16:52 His first deal and making partner at 25
19:00 Why he walked away from practising law

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

In this conversation, Geoff Wilson uses a striking compounding example to explain why starting early and spending time in the market can matter far more than trying to perfectly time every investment.

In part two of this discussion, Geoff reflects on launching Wilson Asset Management with $1 million in 1998, developing his stock selection framework and navigating the opportunities and excesses of the dot-com boom. He explains why earnings growth, management quality and a clear catalyst sit at the centre of his investment approach and why he is comfortable selling early rather than allowing greed to take over.

Geoff also shares his concerns about Australia’s shrinking public markets, the policies discouraging active investment and the emotional mistake he believes many retail investors make.

Follow for more conversations with leaders across investing, business and Australia’s financial markets.

00:00 Introduction

00:43 Welcome back to Geoff Wilson

01:40 Starting WAM with $1 million

08:54 Navigating the dot-com boom

11:16 Geoff Wilson’s stock selection framework

15:00 One.Tel, catalysts and selling early

16:12 From fund management to philanthropy

20:59 The worthless share certificates lesson

23:25 The idea that sparked Future Generation

25:29 Building a pro bono investment model

29:19 Australia’s shrinking public markets

33:16 Why Geoff Wilson speaks out

35:28 The investing advice he wishes he followed

38:22 The biggest retail investor myth

39:29 Closing thoughts

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

How did Geoff Wilson go from failing Year 12 and knowing almost nothing about the stock market to founding one of Australia’s most recognised investment management companies?

In Part One of this Ticker Talk conversation, Wilson Asset Management founder and chairman Geoff Wilson reflects on his unconventional journey into finance. He shares how his upbringing in Melbourne shaped his appetite for risk, the early investment that first captured his attention and the unexpected career decisions that eventually led him from science into stockbroking.

Then came the opportunity that changed everything: an offer of $10 million to begin managing money independently.

CHAPTERS

00:00 - Intro

00:41 - Geoff Wilson’s childhood and family background

02:50 - From aspiring vet to studying science

04:09 - Failing Year 12 and starting again

06:18 - His family’s connection to the stock market

07:18 - Geoff’s earliest investing lessons

11:08 - Graduating into a difficult job market

14:02 - The unexpected move into finance

16:51 - London, New York and the 1987 crash

19:09 - Why stockbroking was “killing” him

21:57 - The $10 million opportunity

23:52 - What’s coming in Part Two

Subscribe to Ticker Talk for more conversations with leading Australian investors, executives and business figures.

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

In Part 2 of our conversation with Joe Longo, we explore his appointment as Chair of ASIC and the challenge of leading one of Australia’s most important regulators through a period of change.

Joe reflects on building a more modern, confident and ambitious ASIC, the importance of transparency and accountability, the future of private markets and superannuation, and the lesson that has guided him through decades in law, finance and regulation: be curious.

Chapters

00:00 - Coming up in Part 2 with Joe Longo

00:53 - Returning to Australia and the opportunity to chair ASIC

01:34 - Being approached for a high-profile regulatory role

02:11 - What Australia can learn from the US regulator to private sector pathway

03:52 - Taking over ASIC during a challenging period

05:30 - Why Joe was ready to step into the arena

06:36 - Building a modern, confident and ambitious ASIC

08:06 - Making ASIC more decisive, open and engaged

11:32 - Accountability, transparency and the role of media presence

14:12 - Private markets, superannuation and why capital flows matter

22:07 - Joe Longo’s ASIC legacy, life after ASIC and the power of curiosity

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

In this episode of Ticker Talk, we sit down with former ASIC Chair Joe Longo for a fascinating conversation on the people, experiences and crises that shaped his career.

From growing up around his family’s fruit and vegetable business in Perth, to studying law, representing Alan Bond during one of Australia’s most infamous corporate collapses, working across global financial markets with Deutsche Bank, navigating Brexit from London, and eventually leading Australia’s corporate regulator, Joe shares the lessons that shaped his view of markets, regulation, leadership and risk.

This is a rare look inside the career of one of Australia’s most experienced legal and regulatory minds.

Chapters:

00:00 - Introducing Joe Longo

01:00 - Growing up around Perth’s fruit markets

03:00 - The family lessons that shaped his work ethic

05:00 - Why education became a priority

07:00 - Falling into law and building a legal career

11:00 - Representing Alan Bond during the Bond Group collapse

15:00 - Moving from private practice to ASIC enforcement

17:30 - Joining Deutsche Bank and learning global banking

20:00 - The GFC, reputational risk and major banking crises

22:00 - Brexit, crisis management and becoming ASIC Chair

This podcast and the information in it is provided for information purposes only. The National Stock Exchange of Australia Limited (NSXAL) is the holder of an Australian Market Licence and operates a financial market but under no circumstances is the podcast or the information within it, to be used for, or considered as an offer to, become a participant of or trade on NSXAL or undertake any other activity or purchase or sell any financial product or as a solicitation or recommendation to purchase sell, offer to purchase or sell any financial product. While NSXAL is of the view that the sources of the information contained in the podcast are reliable, NSXAL does not represent or guarantee that this information is accurate, complete or timely and is not liable for any claims, losses or damages arising from or occasioned by any inaccuracy, delay error, omission or from the use of the information or from actions take in relation to the information. Reproduction or redistribution of the podcast is prohibited unless expressly permitted in writing by NSXAL.

In Part 2 of Ticker Talk’s conversation with Peter Ivany, we explore what happened after Hoyts grew from a $70 million business into a global company worth more than $1 billion.

Peter reflects on stepping into the CEO role, navigating rapid expansion, selling Hoyts and learning how to lead through uncertainty. He also shares why the strongest businesses are built around the right people, partnerships and culture.

The conversation then moves beyond business, exploring Peter’s involvement in philanthropy, the Jewish community, the arts, medicine and the Sydney Swans.

From building resilience to backing yourself when the path forward is unclear, Peter explains why success has never simply been about money. The real reward is helping people grow, achieve and work together.

CHAPTERS

00:00 - Welcome back and what to expect in Part 2

01:08 - Mentorship, family and stepping into leadership

05:44 - The decision to sell Hoyts

08:26 - Taking Hoyts global

12:27 - The sale of the business and life after Hoyts

17:18 - Family, legacy and meeting Tony Curtis

19:17 - Philanthropy and the Jewish community

22:26 - Leadership and culture at the Sydney Swans

26:27 - Peter’s involvement in the arts

28:40 - Rapid-fire lessons on success, resilience and backing yourself