We are going to end our live coverage there after another extraordinary day in Australian politics.

Here's a recap of everything that's happened:

Scott Morrison has been sworn in as Australia's 30th prime minister and Josh Frydenberg as treasurer after they emerged victorious as leader and deputy leader of the Liberal Party in today's party room meeting. The pair have presented themselves as the "next generation" of party leadership and told Australians the government will be on "your side" and guided by the principle of a "fair go".

has been sworn in as Australia's 30th prime minister and as treasurer after they emerged victorious as leader and deputy leader of the Liberal Party in today's party room meeting. The pair have presented themselves as the "next generation" of party leadership and told Australians the government will be on "your side" and guided by the principle of a "fair go". Morrison defeated Peter Dutton , the chief agitator of this week's Liberal leadership crisis. Dutton, attracting 40 votes to Morrison's 45, had been championed by the party's conservatives as the man to seize the top job from Malcolm Turnbull and steer the Coalition government in a new direction. Morrison also defeated Julie Bishop , a late entrant in the leadership race.

, the chief agitator of this week's Liberal leadership crisis. Dutton, attracting 40 votes to Morrison's 45, had been championed by the party's conservatives as the man to seize the top job from and steer the Coalition government in a new direction. Morrison also defeated , a late entrant in the leadership race. Malcolm Turnbull has resigned as prime minister and will soon leave the Parliament altogether. In the end, 40 MPs in the 85-person party room supported keeping him in the job by opposing a spill. If three more had joined them, Turnbull would still be prime minister. This has raised questions and recriminations about the role of Mathias Cormann and others who abandoned Turnbull.

has resigned as prime minister and will soon leave the Parliament altogether. In the end, 40 MPs in the 85-person party room supported keeping him in the job by opposing a spill. If three more had joined them, Turnbull would still be prime minister. This has raised questions and recriminations about the role of and others who abandoned Turnbull. Turnbull was relatively relaxed and philosophical in his final press conference as prime minister, expressing pride the achievements of his government, which he called progressive and reforming. He hit out at the "determined insurgency" from Dutton, Tony Abbott and others, saying Australians would be "dumbstruck and appalled" by it.

and others, saying Australians would be "dumbstruck and appalled" by it. Dutton says he doesn't regret agitating against Turnbull and nominated "because I believed I was a better person and a person of greater strength and integrity to lead the Liberal Party". The failed challenger says he will "rise above" Turnbull's criticisms "because there's a lot of emotion and a lot of rewriting of history".

Morrison now faces the mammoth task of uniting a party riven by bitter factional and ideological divisions. Those divisions caused Turnbull's downfall and have not gone away. There will be new poison injected into the Liberal Party after this week's events. Liberal MPs are urging each other to fall into line behind the new leader.

Amid speculation about election timing, Morrison said he didn't expect to call an election "any time soon". His new government faces a precarious situation with a vulnerable majority in the House of Representatives. Given the chaos and destruction of the last week, the Coalition will have to experience a dramatic recovery to defeat Bill Shorten 's Labor.

's Labor. The rest of the ministry will be decided by next week. Morrison indicated Dutton and Bishop would have senior roles if they want them.

Shorten issued a gracious and classy statement paying tribute to Turnbull. He said he had "always respected him as a formidable opponent, as an advocate of great intellect and eloquence and as someone who came to parliament, relatively late in life, because he was driven by the desire to serve". He said he had observed that Turnbull used the word "love" more frequently than any other prime minister in Australian history.

The Opposition Leader also foreshadowed how Labor will attack Morrison as prime minister. They will focus on Morrison's record as treasurer in the Turnbull government, overseeing the push for company tax cuts and opposing a banking royal commission.

Thanks for sticking with our live blog and keep an eye out for the rest of our comprehensive coverage – including news, opinion and in-depth analysis – online and in tomorrow's newspapers.