Australian prime minister ousted in dispute over greenhouse-gas emissions

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Scott Morrison will be Australia's 30th Prime Minister, after Malcolm Turnbull was rolled by his own party.

The former home affairs minister's campaign to dethrone Mr Turnbull backfired spectacularly on Friday when Treasurer Scott Morrison defeated him in a leadership ballot 45-40. "I'm sorry. You deserve better than numerous things our Federal Parliament has served up to you for the past 10 years", wrote Nationals MP Darren Chester, whose party is in coalition with the Liberals.

His government was also upended by a freaky citizenship crisis that ruled 15 lawmakers ineligible for office for holding dual nationalities and it has trailed the opposition Labor party for 37 consecutive fortnightly opinion polls.

His departure from politics would spark a by-election for his Sydney seat, threatening the government's one-seat parliamentary majority.

Outgoing prime minister Malcolm Turnbull has confirmed he will quit the parliament "not before too long", listing his government's achievements in a final valedictory speech.

"I will treat that as a vote of no confidence", said Mr Turnbull, who yesterday faced a mass exodus of ministers.

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'Well, in the end our party room has decided that they want a new generation of leaders. The trend is universally hated by Australians. He also thanked deputy prime minister Julie Bishop for being a "rockstar" for the Liberal Party as a foreign minister.

Gillard was similarly kicked out by Rudd ahead of a 2013 election, meaning that in a dizzying turn of events the prime ministership went from Rudd in 2010 to Gillard and back to Rudd ahead of the 2013 poll won by Abbott.

'Many Australians will be shaking their head in disbelief at what's been done, ' he said.

Friday's vote was the second one on his leadership in three days and the culmination of years of what Turnbull asserted was an "insurgency" by opponents aided by right-wing commentators and media outlets, including Sky News, the Australian equivalent of Fox News.

Turnbull was forced out after an internal power struggle within the Liberal Party.

But Morrison faces a series of policy decisions that could reopen old wounds within the government, including an impasse on energy, a topic that acted as a catalyst in Turnbull's demise.

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Public anger became apparent overnight with windows broken at the Brisbane office of Dutton, Turnbull's main rival in his government.

One minister was so disillusioned with the push to oust Turnbull that he took to Twitter to apologize to the Australian people.

"The truth is that the coalition finds it very hard to get agreement on anything to do with emissions", said Turnbull.

Morrison's victory was welcomed by financial markets, which have been rocked by the political instability.

Scott Morrison is sworn in by the Governor-General Sir Peter Cosgrove.

However, Beacher said markets would be looking to see whether Morrison can narrow the gap with opposition Labor.

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