That’s a wrap – thank you for reading the Need to Know blog today. We will have more for you in our next coverage. These were some of the main stories:

• Daniel won’t concede Goldstein despite projected loss: Teal independent Zoe Daniel says she will not concede Goldstein as there are still 10,000 votes to be counted, despite the projected loss of the seat.

• Husic speaks out after cabinet axing: Dumped Science and Industry Minister Ed Husic says he will continue to advocate for Australia’s technology and science sector from the back bench, after his removal from cabinet drew condemnation from industry heavyweights.

• Taylor confirms leadership contention: Shadow treasurer Angus Taylor has confirmed that he will contest the leadership of the Liberal Party, after Deputy leader Sussan Ley also confirmed that she would put her name forward.

• Allan to lead trade mission in China: Victorian Premier Jacinta Allan will lead a trade mission to China in September. Allan said she will develop a China strategy centred on food and fibre, advanced manufacturing and clean energy, medtech, tourism and international education.

• Labor caucus ‘truly representative’ of Australians: Prime Minister Anthony Albanese says his caucus is “truly representative of our nation” as a record number of women have been elected to the parliament.

• Tehan out of Liberal leadership race: Opposition immigration spokesman Dan Tehan has ruled himself out of running for the Liberal leadership, indicating he wants to be a team player.

• Ley to contest Liberal Party top job: Deputy Liberal leader Sussan Ley has declared her candidacy for party leader.

• LNP MP ‘shocked’ by Nampijinpa Price defection: Liberal National Queensland MP Michelle Landry says she is shocked and disappointed that Jacinta Nampijinpa Price has defected from the Nationals to the Liberal Party.