42 years ago today, March 5, 1983 (January 21, 1983 in the lunar calendar), Australia Prime Minister Fraser announced his resignation as leader of the Liberal Party. On March 5, 1983, Australia Prime Minister Fraser announced his resignation as leader of the Liberal Party. Fraser graduated from Maglin College, University of Oxford in the United Kingdom in his early years. He entered politics in 1954 and served successively as Secretary of the Army, Minister of Education and Science, and Minister of Defense. He served as chairman of the Liberal Democratic Party in March 1975 and served as Prime Minister of Australia after the general election in December of the same year.