Victorian Opposition Leader Michael O’Brien Source: Herald Sun
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • The Victorian Opposition Leader has survived a leadership spill, with the State Liberal Party voting to stick with Michael O’Brien
  • A motion to challenge the party’s leader failed 22 to nine, meaning there weren’t enough votes to even declare the leadership position vacant
  • The opposition has now resolved to move forward and focus on Victorians, with the state election less than two years away
  • The motion to replace the Opposition Leader came after the WA Liberals were all but wiped out during the recent state election
  • However, the state’s leader said it was a tough time to be an opposition anywhere in Australia as the focus was on the government fighting COVID-19

The Victorian Opposition Leader has survived a leadership spill, with the State Liberal Party voting to stick with Michael O’Brien.

A motion to challenge the Opposition Leader failed yesterday, after being proposed by the Opposition Spokesman for Roads, Brad Battin.

The vote to roll the leader failed 22 to nine, meaning there weren’t even enough votes to declare the leadership position vacant.

In the wake of the failed coup, the leader of Victoria’s Liberal Party has vowed to move on.

“I’m very pleased with the strong endorsement of our leadership team,” Michael O’Brien stated.

Going forward, the leader explained the focus would be on “saving Victoria from a Labor government that is quickly sending us broke instead of being strong, open and free, which is where Victoria needs to be.”

Yesterday’s motion to replace the Victorian Opposition Leader came after the WA Liberals were all but wiped out during the recent state election.

But, the Victorian Liberal Leader said it was a tough time to be an opposition party anywhere in Australia as the focus was on the government fighting the COVID-19 pandemic.

“So we’re seeing that right across the country. The point is in Victoria we don’t have an election next week or end of this year — it’s November next year,” he said.

“The Liberal Party needs to focus on Victorians, not focus on themselves. So we’ll get through today and we’ll get back to our job of looking after the interests of Victorians,” Michael added.

More From The Market Online

Well below US$5K/oz, gold’s surefire status as a safe haven has shifted

In the post-COVID-19 world, it’s almost definitely news to nobody reading this that gold prices have staged a fairly historic run.
The Market Online Video

From the Wire: Why did the RBA cut last year just to walk it all back 12 months later?

The Reserve Bank of Australia made the call to hike interest rates again in CY26, using its second board meeting to bring them
ASX concept

ASX 200 reacts to an RBA 25bps rate hike by… closing somewhat firmly in the green?

Colour me surprised – the ASX200 successfully priced something in for once, with today’s RBA rate hike not scaring the market down into
India Russia flag

Not just AUKUS indexes: USA’s war on Iran visible on India’s NIFTY; Russia’s MOEX

While the Australian market is busy watching Wall Street, gold, and oil prices – and the prices of relevant stocks exposed to those