Tony Abbott is the new leader of Liberal Party after ousting Malcolm Turnbull by just one vote in a leadership vote today.
Mr Abbott won the final vote against Malcolm Turnbull by 42 votes to 41 after challenger Joe Hockey was knocked out in earlier vote between all three candidates.
Mr Abbott retained Julie Bishop as his deputy.
Mr Hockey was knocked out in the first round of voting when he got 23 votes to Mr Turnbull’s 26 and Mr Abott’s 35.
Mr Turnbull’s 14-month reign as Liberal leader has left the party split and in tatters in the aftermath of the brawl over climate change policy.
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