Australian ForeignMin: PM Turnbull rejects Cabinet resignations as new challenge looms

Dhwani Mehta FXStreet

Reuters cited Australian Foreign Minister Julie Bishop on Wednesday, as saying that PM Malcolm Turnbull rejected the resignations of seven Cabinet members who backed a rival for leadership.

Bishop told Australian Broadcasting Corporation radio, “A number of people who voted for Peter Dutton have in fact offered their resignations to the prime minister, they’ve done the right thing, but the prime minister has said that he wants them to remain in the ministry.”

Bishop said the resignations of Dutton and Concetta Fierravanti-Wells, the former Minister for International development and the Pacific, were accepted.

Separately, Reuters is out with the latest update around the Australian politics, citing that “the childcare company operated for Peter Dutton's family trust received more than $5.6 million in public Commonwealth funding, placing the Liberal leadership contender in danger of being ineligible to remain in Parliament.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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