Australia Headed for Early Elections as PM Warns on Reforms

Australian Prime Minister Malcolm Turnbull has warned he will dissolve parliament and call early federal elections if his reforms are not approved just six months into the job, marking yet another sharp turn in the tumultuous world of politics Down Under.

Announced early on Monday, Turnbull’s decision reflects increasing frustration with crossbenchers, or senators from minor parties, who have repeatedly blocked key legislation that the ruling Liberal Party deems essential for the economy.

At the crux of the issue is Turnbull’s desire to reinstate the Australian Building and Construction Commission (ABCC), the construction industry’s watchdog, which was abolished in 2012.

CNBC

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