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1. Malcolm Turnbull elected our 29th Prime Minister.
Malcolm Turnbull is the nation’s 29th Prime Minister ousting Tony Abbott as Liberal party leader after Mr Abbott lost 44-54 votes in a late night challenge for the leadership.
This makes Mr Turnbull our fifth Prime Minister in just five years.
Cabinet ministers including Liberal deputy Julie Bishop threw their support behind Mr Turnbull to give him a convincing majoriy.
The Daily Telegraph reports that Mr Abbott offered the job of Treasurer, and deputy Liberal leader to Mr Scott Morrison, who declined the offer despite declaring he would vote for Mr Abbott in the leadership ballot.
Ms Bishop prevailed in a vote on the deputy’s position by 70 to 30 votes against Kevin Andrews, the Defence Minister who was one of Mr Abbott’s strongest allies.
The Prime Minister-designate said on his victory last night: “There has never been a more exciting time to be alive than today, and there has never been a more exciting time to be an Australian.”
Mr Turnbull told reporters “I’m very humbled by the great honour and responsibility that has been given to me today.”
The new leader also said he is not going to change the climate change policy and emission targets which have been “very well designed.”