Victorian Treasurer Announces Resignation As State Grapples With Mounting Debt

His resignation includes the decision to leave his position as the Member for Werribee leading to a by-election for the post.

Now-former Victorian Treasurer Tim Pallas speaks to the media during a press conference in Melbourne, Australia, on May 30, 2021. Daniel Pockett/Getty Images

Victorian Treasurer Tim Pallas has announced his surprise resignation on Dec 16, stepping down after a decade in the role and 18 years in politics.

His resignation, which means he will be vacating his position as the Member for Werribee, will trigger a by-election in the coming months.