Concerns about political instability in Australia are "overly stated," the country's Prime Minister Scott Morrison told CNBC on Monday.
Morrison, a Liberal and formerly the country's Treasurer, assumed his new role in August to become the nation's fifth prime minister in five years. His predecessor Malcolm Turnbull lost his title in a leadership vote, becoming the fourth premier to be removed from office by his own party since 2010.
Australia's policies on major areas such as trade, infrastructure investment and defense have remained the same since the Liberal party first took power, Morrison stated. "There's a continuity and a stability in the policy agenda being pursued by our government."
His administration remains committed to open trade and boosting security on areas such as cyber-security, he said.
The country is now bracing for a federal election next year and it's unclear how the ruling Liberal party will fare.
"It's very reasonable to say that we have a big job ahead of us, that's no surprise," Morrison said. He added that he had faith in his party's ability to maintain a strong economy and ensure national safety following Friday's terror incident in Melbourne.