The big news in Australia this morning is that Malcolm Turnbull will become our new prime minister today after he beat Tony Abbott 54-44 in a ballot for the Liberal leadership last night.
What happens next?
Tony Abbott will resign as prime minister sometime this morning and Malcolm Turnbull will then be sworn in at Government House and will meet with the Cabinet.
At 2pm AEST, Mr Turnbull faces his first Question Time as prime minister.
Azure Group will be tweeting on the topic throughout the day so jump in on the conversation by following us on Twitter.
For realtime updates ABC has a live blog feed running today which will report as news breaks.
We will be watching closely in the coming weeks to see how this will impact Australian businesses and will keep you updated via our blog and newsletter.
This article is intended to provide general information only, and is not to be regarded as legal or financial advice. The content is based on current facts, circumstances, and assumptions, and its accuracy may be affected by changes in laws, regulations, or market conditions. Accordingly, neither Azure Group Pty Ltd nor any member or employee of Azure Group or associated entities, undertakes responsibility arising in any way whatsoever to any persons in respect of this alert or any error or omissions herein, arising through negligence or otherwise howsoever caused. Readers are advised to consult with qualified professionals for advice specific to their situation before taking any action.
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