- May 09: Nelson Mandela is inaugurated as the President of South Africa.
- May 23: John Hewson is replaced as Liberal leader by Alexander Downer. Peter Costello is elected to the deputy’s position. This is how the ABC’s PM program reported the day’s events.
- May 23: Peter Costello comments on the new leadership team.
- May 23: John Hewson’s press conference following his party-room-defeat.
- May 23: Prime Minister Paul Keating comments on the Liberal leadership change.