Angus Taylor has emerged as the new Liberal leader, beating Sussan Ley 34 votes to 17. The new Liberal leader says the party is facing a "change or die moment" and has promised to "protect the Australian way of life."

Following the defeat, Sussan Ley has confirmed she'll resign from her seat of Farrer, sparking a by-election. It'll be the first big test for Angus Taylor's leadership. So, what does the election of Angus Taylor signal for the future direction of the Liberal party?

Patricia Karvelas and Clare Armstrong break it all down on Politics Now.

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