The Kirribilli Agreement of 1988 was a secret meeting between the Australian Prime Minister Bob Hawke and Treasurer Paul Keating.

The two men met at Kirribilli House, the Prime Minister's official Sydney residence, to make an agreement as to when Hawke would hand over the leadership of the Australian Labor Party.

Keating was a primary figure of the New South Wales right faction, a key sector of the Labor Party.

Prime Minister Hawke invited ACTU Secretary Bill Kelty and Sir Peter Abeles to Kirribilli House, so that proper arrangement could be made.

The two men came to an agreement, that presuming Hawke won the 1990 Australian election (which he did), he would step down as Prime Minister and hand over power to Keating – sometime during that term.