Finance Minister Matthias Cormann is leaving politics at the end of the year

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Finance Minister Matthias Cormann is leaving politics at the end of the year
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'Before handing over the baton, there is another six months or so of hard work to be done in this job.'

One of Scott Morrison's most senior ministers, Matthias Cormann, is retiring from politics at the end of the year.

"Before handing over the baton, there is another six months or so of hard work to be done in this job, to help manage a responsible transition out of this coronavirus induced crisis and to help finalise and set in train our five-year plan to maximise the strength of our economic and jobs recovery." "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.

Senator Cormann said he would spend the next six months working with the prime minister and Treasurer Josh Frydenberg on finalising the July economic statement, the budget in October and the half-yearly budget update in December.He would also continue to work to secure the passage of"all of our important reform legislation through the parliament."

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