Julie Bishop is the new Shadow Treasurer.

Contrary to Turnbull’s own claims, it’s clear that he’s rewarded his own supporters and demoted or discarded some of Nelson’s – such as Nick Minchin and Tony Smith. Tony Abbott seems to have shot himself in the foot with his undisciplined comments that he’d rather be closer to the action leading to his remaining where he was.

And Sophie Mirabella joins the Shadow Ministry. That might tell you something – along with the elevation of Concetta Fioranti-Wells – about the depth of talent Turnbull has to work with.