Malcolm Turnbull Resigns As Communications Minister, Becomes Prime Minister Designate

Wanted: new Federal Communications Minister. That's right. Malcolm Turnbull has just resigned his position as Communications Minister in a bid to seize the Prime Ministership from Tony Abbott.

After months of speculation over whether Turnbull would challenge Abbott for the nation's top job, the Communications Minister decided it was time to change the leadership.

Turnbull has just held a press conference in Canberra where he said that it's time for "a new style of leadership".

In order to challenge the Prime Minister, Turnbull resigned his position as Communications Minister.

All this is set against the backdrop of the Senate Select Committee on the National Broadband Network, which is holding hearings in Canberra today. The hearing has since been suspended.

UPDATE: Turnbull has won the Party Room ballot to become PM Designate.

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