Key points:

• The petition for a party room meeting of the Liberal Party got 43 signatures, so Turnbull allowed the meeting to be called.

• The party room voted 45:40 to spill the leadership.

• Three candidates nominated: Peter Dutton, Scott Morrison, Julie Bishop.

• Bishop was eliminated in the first round of voting.

• Morrison won the second round of voting against Dutton, 45:40.

• As the leader of the Liberal Party, Morrison becomes the new Prime Minister... probably. It now depends on whether their coalition partners, the National Party, support the new Liberal leader (but they probably will: the alternative is to lose government).

EDIT1: And Josh Frydenburg is the deputy leader of the Liberal Party. That does not make him the Deputy Prime Minister: that role goes to the leader of the National Party whenever the Coalition is in government.

EDIT2: The news: http://mobile.abc.net.au/news/2018-08-24/scott-morrison-wins-leaderal-leadership/10160168

Follow live here: http://www.abc.net.au/news/2018-08-24/live-turnbull-leadership-challenge-looms/10159462

Some background on Scott Morrison: http://www.abc.net.au/news/2018-08-24/scott-morrisons-rise-to-prime-minister-of-australia/10160458