“I thought the coalition government had stalled. I didn’t think we were explaining to the electorate why we were doing what we were doing.
“It was time for a change.”
Mr Macfarlane’s term as energy and resources minister received praise from all sides of the political spectrum and industry.
Shadow minister for resources, Gary Gray, even expressed his condolences via Facebook.
Mr Gray wrote: “The mining and petroleum industry owes Ian Macfarlane a great debt. His hard work set Australia up for the renovation of our minerals sector. Thank you Ian.”
Josh Frydenberg, previously assistant Treasurer under Joe Hockey, has been appointed to Minister for Energy, Resources and Northern Australia.