Our Prime Minister has the same job as a President, as of 9.30am this morning we have our first female PM, Julia Gillard.
Julia Gillard is to become Australia's first female prime minister after Kevin Rudd stood down as Labor leader at a caucus meeting this morning.
Ms Gillard, not Mr Rudd, will now decide when to lead her party into the next election.
Mr Rudd, who made "a very gracious speech", stood aside to avoid a humiliating defeat.
Treasurer Wayne Swan was elected deputy leader unopposed, Senator Michael Forshaw announced after the caucus meeting.
Senator Forshaw said it had been a very difficult time for Mr Rudd and the party.
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Lets see how she goes.