Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Scott Morrison Replaces Malcolm Turnbull As Prime Minister

Published 24/08/2018, 11:46 am
Updated 24/08/2018, 11:46 am
© Reuters.

Scott Morrison has replaced Malcolm Turnbull as Australian Prime Minister. Morrison won a party room ballot with 45 votes, against Peter Dutton's 40. Julie Bishop was voted out in the first round.

Turnbull agreed to the vote after Dutton collected signatures from 43 members of the Parliamentary Liberal Party calling for a meeting. Turnbull asked Chief Government Whip Nola Marino to check every name on the list before proceeding, following claims of bullying and intimidation within the party.

Turnbull previously said he would resign from Parliament, triggering a by-election in his seat of Wentworth. Turnbull currently holds the seat with a margin of 17%, but a voter backlash against the Liberal Party or the emergence of a strong independent candidate could deliver a significant swing. Losing the seat could lead to the collapse of the Government, which holds a single seat majority.

Concerns remain about the validity of Dutton's position, with the Solicitor-General declaring that it was "impossible to say with certainty" whether he was eligible to sit in parliament. Dutton and his wife are the beneficiaries of child care centers that receive money from the Commonwealth. Section 44 of the constitution prevents anyone with a direct or indirect pecuniary interest in any agreement with the Commonwealth from sitting as a senator of MP.

Latest comments

This does nothing to stop the instability - Abbott, Dutton, Bishop need to go now
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.