4.15pm – Malcolm Turnbull has announced that he has resigned from the Abbott ministry and will challenge the Prime Minister for the leadership of the Liberal Party.
Turnbull approached Abbott shortly after Question Time and informed him of his challenge. Abbott has made no public statement yet.
Turnbull held a media conference in the grounds of Parliament House. He said Abbott had failed to provide economic leadership and the government had been behind in 30 Newspolls in a row. [Read more…]