Kirribilli agreement

/kɪrəbɪli əˈgrimənt/ (say kiruhbilee uh'greemuhnt)

noun
1. Also, Kirribilli Agreement. an agreement made in 1988 between Australian prime minister Bob Hawke and deputy prime minister Paul Keating in relation to the future resignation of Hawke as Labor Party leader, the assumption being that Keating would then be elected by the Labor Party to succeed him as party leader and therefore prime minister.
2. Also, Kirribilli deal. an unofficial arrangement for the handing over of power by a leader to a successor.
{the original agreement (def. 1) being made at Kirribilli House}

Australian English dictionary. 2014.

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