Approaching the federal election, there was a school of thought in political circles that if Labor fell into minority government, Anthony Albanese could be replaced as prime minister within 18 months.
Treasurer Jim Chalmers was the favourite to succeed him, although a lack of support among the NSW and Victorian right factions meant this was not assured.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
