Scott Morrison Is Australia's New Prime Minister

Prime Minister Malcolm Turnbull's grip on power looks increasingly precarious amid infighting in the Liberal Party

Morrison, who fended off a challenge from Peter Dutton for the Liberal Party leadership on Friday, spoke to the US President on Saturday morning in a sign the new prime minister is keen to assure allies a week of turmoil in Australian politics poses no threat to worldwide relationships.

Sydney-born Morrison, 50, who was treasurer in Turnbull's government, will try to bring the two warring factions together, but may find himself overseeing a breakup of the party.

Australia's then Treasurer, now Prime Minister Scott Morrison at a press conference in Parliament House in Canberra.

Friday's ballot among Liberal Party lawmakers means Australia's sixth change of prime minister in 11 years, prolonging an era of extraordinary political instability.

"It has been such a privilege to be the leader of this great nation", Turnbull said. The stability of government, that continues, and we will be hard at work at that today. "I want to assure all Australians that those normal wheels are turning", he added. It's also an global embarrassment for a nation that prides itself on being a safe and stable democracy in which to invest.

"You are now the 30th prime minister of the Commonwealth of Australia", Governor-General Peter Cosgrove told Morrison after he took the oath of office.

Ms Bishop is expected to be given the option to remain as a senior minster - most likely as Foreign Minister, where Mr Morrison said she had been a "rock star".

Car Slams Into Barriers Outside British Parliament
He added: "My heartfelt thanks goes to the courageous first responders who were so quickly on the scene following the attack". In Tuesday's incident, the vehicle slammed into barriers that had been extended following the Westminster Bridge attack.

He played down speculation that he might call an election before it's due early next year.

"We intend to be governing.so I don't think anybody should be making any plans for any elections any time soon, " Mr Morrison said.

Prime Minister Malcolm Turnbull told reporters: "I'll be leaving the Parliament. not before too long". The names would prove a majority of his government had abandoned him. It could also provide an incentive for call an early election.

Shorten accused the new prime minister of trying to "airbrush history", labelling Morrison the "architect, the author, and the creator" of bad policies such as the corporate tax cuts. Turnbull is a "social liberal and multi-millionaire former merchant banker", who the wire service says "has struggled to appeal to conservative voters and only narrowly won a general election in 2016".

"PM Morrison is the most market-friendly option", said Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities in Singapore.

Scott Morrison defeated Peter Dutton in an internal party vote. "And I look forward to potentially meeting him at any one of those", she said.

As his leadership had come increasingly into doubt on Thursday, Turnbull announced he would not contest a second leadership vote and leave parliament.

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