Incoming Treasurer Josh Frydenberg emerged a winner from the implosion of Malcolm Turnbull's prime ministership, riding a conservative assault of the energy policy he championed to become deputy Liberal leader.
The former energy and environment minister was overwhelmingly elected to replace Julie Bishop as deputy in the dramatic party room meeting, becoming the most senior Victorian Liberal since Peter Costello.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
