There has been speculation that Barnaby Joyce would step down after calling a press conference at 2pm today.
The Deputy PM officially confirmed at the press conference that he will step down.
This comes as the fallout continues from his personal life, with an affair with a former staffer in the headlines for several weeks.
Barnaby Joyce will step down as leader of the Nationals, and subsequently will no longer be deputy PM on Monday.
NSW Nationals MP Andrew Gee released a statement earlier today saying that he "won't be able to back him" until there is "clarification regarding some of the issues about Barnaby".
PM Malcolm Turnbull is currently in the US, with Mathias Cormann currently Acting Prime Minister.
He has released the following statement on the matter.
The Hon. Barnaby Joyce MP has announced that he will resign as Deputy Prime Minister and Minister for Infrastructure and Transport, effective 8am on Monday. I thank Barnaby for his service as Deputy Prime Minister and in his various Ministerial roles in which he has been a fierce advocate for rural and regional Australia. The Coalition between the Liberals and the Nationals is Australia’s most successful political partnership, having endured for more than 95 years. This partnership is undiminished and will continue to deliver opportunity and security for all Australians. Pending the Nationals’ election of a new leader and consequent Ministerial changes, the Hon. John McVeigh MP will act as Minister for Infrastructure and Transport.
- PM Malcolm Turnbull