Well we waited, and waited, and the even after the press conference was called, we waited some more, but Malcolm Turnbull has finally announced his Shadow Ministry, offering a major shake-up that rewards supporters and concentrates expertise on what he believes will be the key issues for the remainder of the Government’s first term. (See the full Turnbull team here and here).

Julie Bishop has won the battle -- if it ever was a battle -- for the Shadow Treasuryship, and strong Turnbull supporter Chris Pearce– returning to the shadow ministry after rejecting Brendan Nelson’s offer of a Parliamentary Secretaryship last December -- will support her on financial services and superannuation, as well as Nelson/Costello supporter Tony Smith, demoted to the outer ministry. Andrew Robb moves from Foreign Affairs to a new, and awkward, portfolio of Infrastructure, COAG and ETS design (try conjuring an acronym out of those). Warren Truss picks up Trade in place of Infrastructure. In perhaps the smartest move, Turnbull has moved Nick Minchin from Defence to replace Bruce Billson, who has struggled to get any coverage, in Communications, with the goal of placing greater pressure on Stephen Conroy over the severely-delayed broadband rollout.