Julie Bishop will resign from Australian politics at the coming election

Prime Minister Scott Morrison led the tributes to Julie Bishop after she announced she would not re-contest

Prime Minister Scott Morrison led the tributes to Julie Bishop after she announced she would not re-contest

"Bishop will take a large number of votes with her", said Haydon Manning, a professor of politics at Flinders University in South Australia.

Julie Bishop has announced she will not recontest the seat of Curtin at the next election, marking an end to almost 21 years in parliament.

Finance Minister Mathias Cormann, a senator for Western Australia, could potentially make a preselection bid for her affluent inner-city seat in the hope of becoming the next leader of the Liberal Party.

Five years of intense diplomatic training have not been lost on Julie Bishop.

Australia's former foreign minister, Julie Bishop, will retire at the next election, she said on Thursday, joining a wave of lawmakers leaving a government that faces defeat in the poll, due by May.

In parliament this afternoon Ms Bishop announced she will not re-contest her WA seat of Curtin at the next election.

Despite losing the support of her moderate faction previous year to become the third Liberal Prime Minister since 2013, she was optimistic about the Coalition's chances of winning the 2019 election.

Ms Albright was the only woman on the UN Security Council during a risky time in world diplomacy, just as Ms Bishop was the only woman in the first Cabinet of this Coalition Government.

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In a statement, he said Ms Bishop is "a is a giant of the Liberal Party and she has been a ground breaker for women in public life".

Ms Bishop's retirement has been expected since she was defeated in the leadership ballot and moved to the backbench, when Malcolm Turnbull was ousted as leader.

"You have been an outstanding leader in our party, an incredible trailblazer and a handsome friend".

In the House Morrison described Bishop as an "incredibly classy individual", and invoked the Biblical phrase "Well done, good and faithful servant".

This is after, one hardly needs to be reminded, a fortnight in which the Government has been worn like a pair of trousers on the floor of the House of Representatives, the Finance Minister has lost control of his own credit card, while half a billion of taxpayers' pineapples have been handed over to a security company registered to a Singapore PO box. In the Liberal Party she will take her place alongside the greatest foreign ministers of our history: "Casey, Hasluck and Downer", Morrison said.

"Julie was one of Australia's truly great foreign ministers".

Bill Shorten said: "It is the end of an era".

Ms Bishop then hugged a former cabinet colleague Kelly O'Dwyer, who is also retiring at the next election, and walked out of Parliament. "But I also saw her steely determination in global forums to pursue justice and she was very strong". We are forever in your debt.

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