• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Australia

Why Australia Is Getting Its Sixth Prime Minister In Just One Decade

By
Lucas Laursen
Lucas Laursen
Down Arrow Button Icon
By
Lucas Laursen
Lucas Laursen
Down Arrow Button Icon
August 24, 2018, 6:30 AM ET

Australia’s ruling Liberal Party just voted in a new leader, Scott Morrison, who will now become prime minister. Morrison, who was the country’s treasurer and previously a hardline immigration minister, replaces Malcolm Turnbull.

While the Australian stock market regained ground after several days of losses incurred during the Liberal party’s leadership votes, the arrival of a new prime minister is no guarantee of stability in Australia.

Australia’s top job has changed hands six times in the last decade with not one prime minister completing a full term—and that’s not even the least stable period of Australian democracy. One prime minister, Harold Holt, met his end while body surfing. The most recent handovers involved less blood-letting and more internal party politics.

This week’s attack on Turnbull came over his energy policy. He had proposed reducing carbon emissions, per the Paris climate agreement, but other members of the conservative ruling coalition pushed him to drop the requirement, ultimately calling his leadership into question.

Part of why Australian leadership has changed so often has to do with party rules. Until recently, both parties allowed elected members of parliament to overturn the party leader. As a result, former Labor prime minister Kevin Rudd swapped places with Julia Gillard twice in just over three years.

When Rudd returned to power in 2013, the Labor Party instituted rules requiring the wider party membership to vote on leadership changes, making it harder for elected members to surprise the general public. Today he called on the Liberals to do the same in the name of stability for the country.

Turnbull is leaving Morrison and the Liberal party with a parting gift: he says he will resign from his seat in parliament, opening up a by-election that could hand the seat to the opposition Labor party.

About the Author
By Lucas Laursen
See full bioRight Arrow Button Icon
0

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
1 day ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
1 day ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
1 day ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
1 day ago
placeholder alt text
Economy
Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’
By Nick LichtenbergDecember 4, 2025
1 day ago
placeholder alt text
Real Estate
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
By Sasha RogelbergDecember 4, 2025
23 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.