Ms Bishop will not follow Mr Turnbull in resigning immediately from Parliament, but will likely not contest the next election, which is due next year. "I will remain on the backbench as a strong voice for Western Australia," Ms Bishop said in a statement. "I have been preselected by the Liberal Party for the seat of Curtin and I have made no decision regarding the next election." Last week's Liberal Party leadership brawl ended the popular West Australian's 11-year run as deputy Liberal leader, and removed her guaranteed right to remain Foreign Minister in Mr Morrison's impending ministerial reshuffle, which will be unveiled on Sunday afternoon. For five years she has dedicated her life to our nation with a tireless work ethic and exhausting travel schedule

Ms Bishop contested the ballot in a three-cornered contest against Mr Morrison and Peter Dutton on Friday. She was knocked out in the first round with just 11 votes out of the 85-member party room. In the final round, the majority of her supporters locked in behind Mr Morrison, securing him the prime ministership. On Sunday, Education Minister Simon Birmingham called Ms Bishop "the most significant woman in the history of the Liberal Party". Mr Turnbull described his longtime friend as Australia's finest foreign minister. "I thank Julie for her loyalty and friendship over many years but especially as my deputy," Mr Turnbull said on Sunday. "She has been and remains an inspiring role model for women here and around the world." Fairfax Media reported on Sunday that Ms Bishop was weighing up her political future and would make a decision in "the interests of the people of Western Australia and our nation". Labor's foreign affairs spokeswoman, Penny Wong, paid tribute to Ms Bishop and her "trailblazing role" as Australia's first female in the portfolio.