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Pressed on the politically disastrous 2014 budget, which contained a slew of broken promises – unquestionably the moment his leadership began to unravel – Abbott maintained it had been the right formula for the country but simply “too gutsy” for the Parliament.

“There’s plenty of people out there who want to raise taxes and have a new idea for a tax every single day of the week”, the treasurer told reporters during a joint press conference with the finance minister, Mathias Cormann.

According to News.com.au, more than 28 changes to personnel and ministerial responsibilities were made official. His Cabinet has five women, including Ms Marise Payne, the first woman to be Australian defence minister.

Some Abbott allies stepped aside or refused portfolios, with the resignation of Treasurer (finance minister) Joe Hockey from parliament the biggest surprise.

Turnbull split his coalition and lost the party leadership in 2009 over his support for a then-Labor Party government’s proposal to make industrial polluters pay for the carbon gas emissions that they produced through an emissions permit trading scheme.

Australia’s new prime minister Malcolm Turnbull has revealed he has Jewish roots. The vote would not be binding, but if a majority of Australians favor marriage equality, as recent polls show they do, Parliament would likely vote it into law. “Australia wants this off...

While new Australian Prime Minister Malcolm Turnbull is expected to make several changes when he announces his new Cabinet on Monday, one of the biggest questions is who he will choose to appoint as his replacement as minister for communications.

Malcolm Turnbull makes an address at Parliament after he was sworn in as prime minister in Canberra, Australia, Tuesday, September 15, 2015. His track record, in fact, is one of being far less consultative with colleagues than many have liked.

The man tipped to become Australia’s next treasurer Scott Morrison in a looming cabinet reshuffle angrily defended himself against accusations Friday he had betrayed former prime minister Tony Abbott.

Monday night’s contest pitted a man who has been described as the most socially conservative Australian prime minister in decades against a challenger some think is not conservative enough.

Meet Malcolm Turnbull, Australia’s new – and smiley – Prime Minister.