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Economy

Australian Treasurer Scott Morrison to become new prime minister

Updated : August 24, 2018 10:09 AM IST

Morrison, who will be Australia's sixth prime minister in less than 10 years, emerged victorious from a three-way race with former home affairs minister Peter Dutton and Foreign Minister Julie Bishop.
Incumbent Prime Minister Malcolm Turnbull, who called the leadership meeting after losing the majority support of the party, opted not to contest the vote. Turnbull told reporters after the vote he would leave parliament "not before too long".
Turnbull's decision to leave parliament means the new government will face a by-election for his Sydney seat that could see it lose its one-seat majority.
Australian Treasurer Scott Morrison to become new prime minister
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