Malcolm Turnbull announces new Cabinet in 'process of renewal'
Joe Hockey, Eric Abetz, Ian Macfarlane and Kevin Andrews have all been dumped from Cabinet, as new Prime Minister Malcolm Turnbull promotes his supporters and women to senior roles.

Treasurer Mr Hockey will go to the backbench,
with Social Services Minister Scott Morrison to take over the portfolio, as
Employment Minister Eric Abetz was also relegated to the backbench
and his job will be taken over by Michaelia Cash.

Key points: Malcolm Turnbull unveils new
, Joe Hockey loses Treasury, moved to backbench, Mr Hockey intends to resign
from Parliament
, Scott Morrison named as incoming treasurer, Marise Payne named first female
defence minister
, She is one of several women being promoted to Cabinet. Kelly O'Dwyer will be the new
assistant treasurer and small business minister.

 Mr Turnbull heralded the
changes as a "process of renewal". "As you will have gathered
there are some very big changes in the Cabinet, there are now five women in the
Cabinet," he said.

"[The] introduction of new talent means that ... others have
to leave. One of the great challenges for any leader is to ensure that there is
"That ... we are able to bring up new talent, new faces, into
leadership positions over time, and that often means, that invariably means in
fact, that very capable people have to move on stand aside so that others can
come through. And that's tough, for everybody concerned. "
Five women now in Cabinet

 Incoming assistant
treasurer, small business minister Kelly O'Dwyer. Despite the business sector's
praise of Bruce Billson's carriage of the small business portfolio, he will now
be on the backbench.

 Assistant Treasurer Josh
Frydenberg will be the new minister for resources, energy and northern
Australia, with the former portfolio holder Ian Macfarlane dumped. Marise Payne will become the
nation's first female defence minister, taking over the role from conservative
Kevin Andrews.

 In another first, Ken
Wyatt will become Australia's first Indigenous Government frontbencher taking
up the role of assistant health minister. Key Turnbull-backer Arthur
Sinodinos was given the role of cabinet secretary, where he can wield
significant influence across the Government.
Another Turnbull lieutenant
Scott Ryan will be the assistant Cabinet secretary.