I will go to the next election saying to Australians, vote for me, vote for the Liberal Party, and I will become your PM. So I'm offering myself as the alternative PM - that's one way people describe the Leader of the Opposition - but I'm not in politics for myself to realize a personal ambition.

Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top of a boom runs the real risk of creating a structural deficit when the boom subsides.

On balance, after weighing the arguments, I believe that the time has come for Australia to create a new sovereign wealth fund.

Malcolm Turnbull Quotes