Bill Shorten has announced his shock departure from politics after an almost two-decade-long career in parliament.

The former Labor leader will remain in cabinet until his retirement from politics in February next year, when he will start a new career as vice chancellor of the University of Canberra.

In a media conference in the Prime Minister’s courtyard on Thursday, Shorten made the shocking announcement alongside Anthony Albanese, reflecting on his career. 

“Over 30 years ago, when I joined the Australian Workers Union, I was driven by the belief that everyone, regardless of circumstance, deserves an equal opportunity,” Mr Shorten said.

“The opportunity to fulfil their potential. Fair wages, safe workplaces, decent conditions, that is what they are all about. It’s about recognising the merit and worth of every individual. As the same principle that brought me here in 2007.”

“Every day in this job, and I’m sure every member of parliament agrees, is a privileged day.”

He also shared his motivation behind moving into the education sector, highlighting his love of education. 

“Education is the modern means of taking someone from disadvantage to advantage in a way that no other method can,” Mr Shorten told a media conference in the Prime Minister’s court yard.

“Universities have a critical role to play. The hopes and dreams of Australians are lifted when they are able to fulfil their own potential and the hopes and dreams of our nation are lifted as well.”

Albanese also praised his colleague and his extraordinary career, saying, “Through his years as leader, no-one worked harder than Bill.”

“No-one brought more energy, enthusiasm, ideas and ambition to advocating the need for a Labor government.”

Image credits: ABC