Ladies and gentlemen, it is with great sadness that I announce that I will resign as Australia's Minister for Foreign Affairs. I am sad because I love this job. I'm totally dedicated to the work that we are doing in Australia's name around the world, and I believe that we have achieved many good results for Australia, and I'm proud of them.

The Australian Government's decision to take on the dominant funding role for the entire public hospital system is designed to: end the blame game; eliminate waste; and to shoulder the funding burden of the rapidly rising health costs of the future.

Of course I base all my election promises and policies on opinion polls

By way of personal instinct, I have an inherent distaste for grandiose rhetorical statements, which don't have any substantive dimension to them

But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.

Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals, the society in which they live and the economy in which they work. Most critically, our responsibility in this parliament is how that power is used: whether it is used for the benefit of the few or the many.

Because the time has come, well and truly come, for all peoples of our great country, for all citizens of our great commonwealth, for all Australians - those who are indigenous and those who are not - to come together to reconcile and together build a new future for our nation.