The corporate watchdog, ASIC, is suing Australia's largest investment Bank, Macquarie Group, for allegedly engaging in misleading conduct.

The Federal Liberal Party has elected its first female leader. Sussan Ley had a narrow win over rival Angus Taylor in the party room, 29 votes to 25.

The Prime Minister Anthony Albanese has unveiled his new Cabinet line-up and made no apologies for the dumping of former frontbenchers Mark Dreyfus and Ed Husic by the Labor factions.

Angus Taylor and Sussan Ley have both confirmed they will contest the Liberal Party leadership.

Northern Territory Senator Jacinta Nampijinpa Price has announced she's leaving the National Party room and moving to the Liberals.

In a shock result, the leader of the Australian Greens, Adam Bandt, has lost the seat of Melbourne.

As the Liberals continue to analyse why they lost the election, prominent Indigenous figures suggest divisive politics played a role.

The Prime Minister Anthony Albanese is back in Canberra after Labor's shock landslide election win. The other parties and independents are assessing their results.

The Prime Minister Anthony Albanese and Opposition Leader Peter Dutton have spent the final full day of their campaigns traversing the country.

The Coalition has released the costings for its policies two days before the election.