11.20am – Kim Beazley, describing himself as a “committed parliamentarian”, says he will remain in Parliament, following his defeat by Mark Latham in today’s Caucus ballot.
In a gracious speech, Beazley said he was committed to making sure that the processes of Parliament work for the people.
He reiterated his concern that Australian egalitarianism and a sense of fairness was under threat and said that he knew these were issues close to the heart of the new Opposition Leader.
He did not respond to a reporter’s question about whether he would be prepared to serve in the shadow ministry.
- Listen to Kim Beazley’s concession speech (4m)