Turnbull our new prime minister

Turnbull our new prime minister

Defeats Tony Abbott for the Liberal leadership in a 54-44 vote

Former federal communications minister, Malcolm Turnbull has been voted in as Australia's new prime minister.

Turnbull overnight defeated Tony Abbott as leader of the Liberal Party in a 54-44 vote. He asked the former prime minister earlier in the afternoon to arrange a meeting of the Liberal Party room to enable a leadership ballot.

He said yesterday afternoon that Abbott had not been capable of providing the economic leadership and confidence that the nation needs and would ultimately be unseated by opposition leader, Bill Shorten.

Turnbull said this will be a “thoroughly Liberal Government committed to freedom, the individual and the market."

“It will be focussed on ensuring that in the years ahead, as the world becomes more and more competitive, and greater opportunities arise, we are able to take advantage of that. The Australia of the future has to be a nation that is agile, that is innovative, that is creative," he said.

“We cannot be defensive, we cannot future proof ourselves. We have to recognise that the disruption that we see driven by technology, the volatility and change is our friend, is our friend if we are agile and smart enough to take advantage of it.”

Turnbull said 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.

“We will ensure that all Australians understand that their Government recognises the opportunities of the future and is putting in place the policies and the plans to enable them to take advantage of it.”

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