TREASURER Wayne Swan has renewed the republic debate in a speech in Canberra on Monday.
Mr Swan joined Opposition Communications spokesman Malcolm Turnbull in launching a new book on the republic debate.
He said it was "always the right time to argue for the merits of a republic", and that the national conversation was long overdue.
Mr Swan said there would always be those who ask "If it isn't broken, why fix it?"
"It is a conversation that must be held in a respectful way, in acknowledging that there are strong and long-held views on both sides of the ledger," he said.
"But after a long decade or more of inertia, I believe we're ready as a nation to take this on.
"Is a successful referendum inevitable? I think so and I hope so."
He spoke at the launch of Project Republic, a series of essays arguing for an Australian republic.
Should Australia become a republic?
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