Malcolm Turnbull (C) is sworn in by Australia's Governor-General Peter Cosgrove (R) as Australia's 29th prime minister at Government House in Canberra, September 15, 2015. REUTERS/Lukas Coch/Pool
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Multi-millionaire former banker Malcolm Turnbull was sworn in Tuesday as Australia's fourth prime minister in just over two years, promising to create a dynamic new economy and end the divisive approach of his predecessor.Turnbull, unlike the ousted Tony Abbott, is a moderate on social issues who supports gay marriage and making Australia a republic – positions at odds with some members of his conservative Liberal Party.Turnbull has so far focused his sights on reframing the debate about Australia's economy and communicating policies better, areas where Abbott's administration struggled.Ousted by Abbott as Liberal Party leader in 2009 over his support for the previous Labour government's carbon emissions trading scheme, Turnbull has also said there will be no change to Australia's climate policy.Turnbull is also a supporter of same-sex marriage, unlike Abbott, but told Parliament his Liberal-National coalition would continue his predecessor's plan to hold a plebiscite after the next election.
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