MALCOLM BLIGH TURNBULL, was sworn in as the 29th Prime Minister of Australia by Governor Peter Cosgrove in a ceremony at the government house in Canberra on 15th of September after winning the Leadership spill on the 14th of September defeating the former Prime Minister Tony Abbott 54-44 described by the former Federal Treasurer Peter Costello as “a big execution”.
The former Prime Minister Abbott who will miss on the entitlements of former Prime Ministers for serving just about four days short of the required two year service requirement has admitted the snakes and ladders of politics but will, at the moment sit on the back bench. He claimed amongst his Government’s achievements to include “Stop the Boat”, 300,000 new jobs, Free Trade Agreement with China, Japan and Korea, Small Business Tax Package and the approval of 12,000 refugees from Syria and Iraq and the first Prime Minister to visit remote aboriginal areas in Australia.
Prime Minister Turnbull unveiled his Generational Change new Cabinet, with Julie Bishop, the main supporter of Malcolm Turnbull in the leadership spill, retaining her role as Deputy and Minster of Foreign Affairs, Scott Morrison, Treasurer replacing Joe Hockey, Marise Payne, the first female Defense Minister replacing Kevin Andrews. He also expanded the ministries from 19 to 21 and included 5 women in the Cabinet. The other ministers dumped were Eric Abetz, Ian Mcfarlane, Bruce Billson and Michael Ronaldson.
His new agenda focus will be on innovation, science and technology and tax reforms although details have yet to be announced. Prime Minister Turnbull who supports same sex marriage will address the issue by letting the people vote after the next election. He will also stick to the Coalition’s climate change policies and also committed to continue the resources devoted to overseas aid dollars and in percentage of gross national income.
Prime Minister Turnbull is the richest Parliamentarian before Clive Palmer was elected to the Federal Parliament with a combined networth of AUD $133 million in 2005 with his wife Lucy Turnbull. a businesswoman and former Lord Mayor of Sydney. His political career started by winning the Blue Ribbon Seat of Wentworth in 2004.
Briefly, he became the Minister for the Environment and Water under the Howard Government in 2007, elected Liberal Leader in September 2008 and became Leader of the Opposition in November 2009. His support for the Carbon Pollution Reduction Scheme proposed by Labor split the Liberal Party and subsequently lost to Tony Abbott by one vote in a ballot the following month.
After the loss, he initially intended to leave politics but decided to remain as an MP and eventually became Minister for Communication in the Abbott Government in Sept 2013.
Before politics, Turnbull was a Journalist, a lawyer, investment banker and venture capitalist.. He also Chaired Republican Movement from 1993 to 2000.