Frydenberg said he wasn’t closing the door on the desire to one day be prime minister, and that the Liberal party was facing an existential threat and needed to change.
On Saturday, Frydenberg released excerpts of his upcoming memoir A Grateful Son, published in The Australian, which included details of his election defeat four years ago. The former Kooyong MP, who was a leadership frontrunner, fuelled speculation he may contest a seat in the next election as he outlined his vision for Australia.
Frydenberg proposed several policy changes across energy and AI and a pitch to leverage a portion of state GST revenue based on how many homes were built. But Liberal leader Angus Taylor immediately added that the Coalition would not adopt Mr Frydenberg’s suggestion of raising the GST, while saying he’d welcome the former Liberal treasurer back to the party if he decided to recontest at the next election.