Secretary of State for External Affairs of Canada and the Honourable Bill Hayden, M.P., Minister for Foreign Affairs of Australia exchanged notes to create the agreement.
This resulted in Keating throwing his support behind Hawke, causing then-Leader Bill Hayden to resign and make way for Hawke to become Leader.
Sir Phillip on several occasions also became Administrator of the Commonwealth during overseas visits by the then Governor-General, Bill Hayden.
In January 1983, however, he was dropped from the position as shadow Treasurer by Labor leader Bill Hayden, who decided that Paul Keating would be likely to put increased pressure on the government in the area of economic policy.
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