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Australia Finance Minister Mathias Cormann to quit federal politics by end of year

02:42  05 july  2020
02:42  05 july  2020 Source:   abc.net.au

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Finance Minister Mathias Cormann will reportedly quit federal politics after the October 6 budget. The Australian Financial Review cites a senior government source as saying Senator Cormann plans to leave before the end of this year . There's speculation he could take a job with the Organisation for

Finance Minister Matthias Cormann (pictured) will reportedly quit after the October 6 budget. A senior government source said that Senator Cormann plans to leave politics before the end of this year . Mr Cormann (centre in blue) is considered a safe pair of hands for managing the nation's

Video provided by Sky News Australia

Finance Minister Mathias Cormann, one of the Federal Government's most senior voices, has announced he will leave politics in the coming months, making way for a Cabinet reshuffle before the end of the year.

Senator Cormann is one of the Coalition's most senior figures, leading the Government in the Senate as its chief negotiator in the Upper House.

The West Australian senator was elected in 2007. He has served as the nation's Finance Minister for seven years, under three Liberal prime ministers.

Mathias Cormann sitting at a table using a laptop: Senator Cormann has served as the nation's Finance Minister for seven years. (ABC News: Matt Roberts) © Provided by ABC NEWS Senator Cormann has served as the nation's Finance Minister for seven years. (ABC News: Matt Roberts)

Senator Cormann confirmed he intended to resign within the next six months, but said he would remain in the job to finalise the Government's July economic statement and the federal budget, to be handed down in October.

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Finance minister , whose actions were key in Malcolm Turnbull downfall as prime minister , says his decision will ensure an orderly transition.

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"Having the opportunity to help shape the future direction of our country as part of a great team working to make our country even stronger, more prosperous and more resilient is a great honour," he said.

"I will be doing my very best over the next six months as a member of the Morrison Government to ensure that our country is positioned as strongly as possible for the brightest possible future."

The Belgian-born 49-year-old became an Australian citizen in 2000 and was a ministerial chief of staff and senior adviser to the premier in the West Australian government before he moved into federal politics.

He joined the Senate in 2007 and was promoted to the Coalition's Opposition frontbench in 2008.

Senator Cormann is the only Cabinet minister appointed by Tony Abbott in 2013 to have held the same portfolio the entire time the Coalition has been in government.

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Mathias Hubert Paul Cormann (/məˈtiːəs ˈkɔːrmən/; German: [maˈtiːas ˈkɔʁman]; born 20 September 1970) is an Australian Liberal Party politician who has been the Australian Minister for Finance

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Speculation Senator Cormann was considering his future had circulated for some time, and in a statement today he confirmed he intended to resign within the next six months.

As a close friend of Home Affairs Minister Peter Dutton, he came under sustained criticism from former prime minister Malcolm Turnbull, after supporting Mr Dutton's push for leadership change in 2018.

More to come.


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