After nearly 7 years and 4 months as Australia’s 22nd Prime Minister, Malcolm Fraser conceded defeat late on the night of March 5, 1983.
He was at that stage Australia’s second longest serving prime minister. He would lose that position to the man who defeated him, Bob Hawke. In turn, Hawke was eventually overtaken by John Howard.
Fraser accepted responsibility for the timing of the double dissolution election and the defeat of the government. He immediately resigned as leader of the Liberal Party. He subsequently resigned from his Victorian electorate of Wannon and never sat in the House of Representatives again.