FMG’s Andrew Forrest Discloses Supposed Mining Tax Deal with Kevin Rudd
Kevin Rudd could have stayed on as Prime Minister, according to Fortescue Metals Group chair Andrew Forrest, who revealed Wednesday that the former Labor leader was working on acceptable revisions for the controversial resources super profits tax (RSPT). REUTERS

Australian Foreign Minister Kevin Rudd resigned on Wednesday after a row with fellow party member Prime Minister Julia Gillard.

Rudd, who was himself the Prime Minister from 2007 until 2010, when he was replaced mid-term by Gillard in a Labor Party coup. In Australia, the prime minister is picked by the House of Representatives, and the party felt it had a better chance at re-election with Gillard than with Rudd.

Recently, the two were again silently sparring over the leadership of the Labor Party. There were rumors that Rudd had been trying to cull support to challenge Gillard as party leader.

There needed to be a lancing of this leadership boil, if I can put it in those crude terms, Peter Beattie, the former head of the Australian Labor Party, said on PM Radio. Resigning as the foreign minister is the right thing to do.

For too long, Kevin Rudd has been putting his own self-interest ahead of the interests of the broader Labor movement and the country as a whole, and that needs to stop, Gillard's deputy Wayne Swan said in a statement.

In his resignation speech, made from Washington D.C., where he was on an official state visit, Rudd noted that without Gillard's trust and confidence he could not properly do his job. He added (without much subtlety) that he was upset when Gillard did not come to his aid when his reputation was questioned.

In recent days, [Regional Australia Minister Simon] Crean and a number of other faceless men have publicly attacked my integrity, he said.

When challenged today on these attacks, Prime Minister Gillard chose not to repudiate them. I can only reluctantly conclude that she therefore shares these views.

Gillard said she would respond to the comments on Thursday.

Full text of Rudd's resignation speech below:

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.

It's therefore been for me a great privilege to serve our country as Foreign Minister, to represent our people abroad, and I thank the people of our country for their support as I have discharged these responsibilities.

But while I am sad to leave this office, I am sadder still that it has come to this.

The last time that I resigned from a position in public office was when I resigned as Prime Minister of Australia, and regrettably, there have been some similar factors at play today.

It's time for some plain speaking on this. The truth is I can only serve as Foreign Minister if I have the confidence of Prime Minister Gillard and her senior ministers.

In recent days, Minister Crean and a number of other faceless men have publicly attacked my integrity and therefore my fitness to serve as a minister in the government.

When challenged today on these attacks, Prime Minister Gillard chose not to repudiate them. I can only reluctantly conclude that she therefore shares these views.

The simple truth is that I cannot continue to serve as Foreign Minister if I do not have Prime Minister Gillard's support.

I therefore believe the only honourable thing and the only honourable course of action is for me to resign, and I do so with a genuinely heavy heart and after much personal reflection.

There are other factors, too, that I have had to take into consideration today. The truth is that the Australian people regard this whole affair as little better than a soap opera, and they are right. And under current circumstances, I won't be part of it.

It is also, I believe, a distraction from the real business of government.

I also believe it's affecting the business community, and I agree with recent statements by peak bodies to this effect. It is important that business confidence is maintained in Australia.

The economy and jobs are core to what any responsible government is about.

I also believe that this ongoing saga is bad for my good friend Anna Bligh, as she fights the fight of her life in Queensland.

She's a great Premier. She's a good friend. And I believe the good people of Queensland deserve some clear space over the coming month, as they make up their minds on a very important decision on the future of Queensland - my home state; a state I'm very proud to be from.

The truth is I also feel very uncomfortable doing this from Washington and not in Australia, but I don't feel as if I have a choice, given the responsibilities I have before me over the days ahead, here in Washington, in London on the future of Somalia and piracy in the Indian Ocean, and in Tunisia on the future of Syria.

These are important challenges for the world, where a responsible Australian voice needs to be heard, a voice which I have sought to inject in my period as Foreign Minister on these core challenges, and under no circumstances do I want Australia's international reputation brought into disrepute because of this ongoing saga.

Therefore Ambassador Beazley will discharge my functions here on my behalf in Washington, tomorrow, and the permanent Secretary of my department, Dennis Richardson, will represent me in London and in Tunisia.

I will return home to Brisbane tomorrow, arriving back there on Friday morning.

Over the days ahead I will be consulting openly and honestly with my family, with my community and my parliamentary colleagues, taking their counsel on what I should do next, and what my next step should be.

I will then make a full statement to the Australian people on my future, before Parliament resumes next Monday.

I deeply believe that if the Australian Labor Party, a party of which I have been a proud member for more than 30 years, is to have the best future for our nation, then it must change fundamentally its culture and to end the power of faceless men. Australia must be governed by the people, not by the factions.

But I can promise you this, there is no way - no way - that I will ever be party to a stealth attack on a sitting prime minister elected by the people. We all know that what happened then was wrong, and it must never happen again. I would like to thank very much, the Department of Foreign Affairs and Trade.

Their Secretary, Dennis Richardson, Australia's former ambassador here in Washington, is a first class Australian diplomat and through him I would thank the department's executive and all the deputy secretaries I've worked with day after day, week after week, in advancing Australia's interests around the world.

These are good people, and all the Ambassadors and High Commissioners, who proudly stand there every day, in Australia's name, are doing good things for our interests and expressing our values right across the world, and I publicly acknowledge them with heartfelt thanks.

I would also like to thank my exceptionally loyal and hardworking staff, led by my chief of staff, Philip Green, and his deputy, Kate Sieper.

These are a great team, phenomenally loyal and hardworking, and together we have done good things.

In my letter of resignation to the Prime Minister, I have asked her to give effect to my resignation 48 hours after my return to Australia, so that I can affect the best transition for my staff as possible under these circumstances.

I'd think you would understand, there's a human dimension to all this.

Together with the foreign policy team, the department, my office and other great public servants responsible for foreign policy in the Australian public service, I'm proud of our achievements.

I'm proud of the fact that we built a new institution in Asia, which, for the first time in the history of Asia, brings the United States, China, Japan, India, Australia, and all the other countries in the region, around a single table, able to discuss and negotiate a peaceful security future for Australia.

I'm proud that we have reformed fundamentally our development partnerships with the island states of the South Pacific, to lift their living standards and reduce infant and child mortality, according to our responsibilities under the Millennium Development Goals.

I'm proud of the fact that we're on track to lift our overseas development assistance to 0.5 percentage gross national income, as I promised prior to the 2007 election.

Also our opening to Burma - the first Western foreign minister to go in there - six or seven months ago, hopefully helping to pave the way for Burma's opening to the rest of the world.

Early action on Libya, a call of which we are all - in our office and in our department - very proud.

Our re-engagement with Europe, and Africa and Latin America - these major economic regions of the future.

And, of course, I am deeply proud of our decision to appoint Australia's first ever ambassador for women and girls, and the announcement, which I now trust the government will give effect to, that is, that during this term we will appoint our first Indigenous Australian as an ambassador, in one of our embassies abroad.

Ladies and gentlemen, there is one over-riding question for my caucus colleagues, and that is, who is best placed to defeat Tony Abbott at the next election?

Mr Abbott, I believe, does not have the temperament or the experience to ever be elected and hold the office - the high office - of Prime Minister of Australia. But at present, and for a long time now, he's been on track just to do that.

Ladies and gentlemen, I would also like to express my appreciation for the support of my family - Therese, Jessica, Nicholas, Marcus.

Chatting to them over the course of the last several hours I thank them for their encouragement and their support, as always.

And you'll appreciate, I now have much, much to do, and therefore I propose to conclude my statement here, and I do not propose to take questions.