Australia’s Finance Minister to Leave Politics in December

'He's been someone who has been an honest broker.'

Australian Prime Minister Scott Morrison speaks to the Deputy Prime Minister Michael McCormack (L) and Senator Mathias Cormann (R) as they wait for the arrival of Indonesian President Joko Widodo to address the House of Representatives at Parliament House on Feb. 10, 2020 in Canberra, Australia. Tracey Nearmy/Getty Images

One of Prime Minister Scott Morrison’s most senior ministers, Mathias Cormann, is retiring from politics at the end of the year.

Cormann said in a statement that he had advised Morrison that the end of 2020 would be an “appropriate time” for an orderly transition” of his portfolio.