Joe Hockey announces he will quit Parliament after reshuffle

JOE Hockey has issued a statement announcing his intention to resign as the member for North Sydney. 

The announcement comes as Prime Minister Malcolm Turnbull ousted the Abbott faithful from his front bench in a reshuffle.

Rumors that Scott Morrison will move into the Treasurer role have been confirmed.

ABC is also reporting that Employment Minister Eric Abetz has been sent to the backbench in favour of Senator Michaelia Cash.

Joe Hockey Statement

Sunday, 20 September 2015

After having served for nearly twenty years as the Member for North Sydney and seventeen years on the frontbench, I advised the Prime Minister that I did not wish to continue as a minister in the Government and that it is my intention to resign from the House of Representatives.

It has been a great honour to serve my local community as the second longest serving Member for North Sydney since Federation. I have no desire to break Billy Hughes' record!

It was a great privilege to serve on the frontbench.

In each and every ministry from Financial Services to Employment and Workplace Relations, from Small Business and Tourism to Treasurer, I have sought to do my very best for the people of Australia.

I will have more to say in due course, but for the sake of my young family - to whom I owe so much - I have decided to bring my parliamentary career to a close.

Malcolm Turnbull's new cabinet (Via Latika Bourke at ABC)