As much as I hate to say it, poor old Tones has done his dash and perhaps from this point, the best thing he can do for the party and the nation as a whole is facilitate an orderly transition to a new leader.
While a favourite of the Left when he's a rung or two below looking enviously up, Malcolm Turnbull was a failure as opposition leader and while Scott Morrison was outstanding as immigration minister, we need to see his metal in a major domestic portfolio before he can be considered. For the period ahead, he's got that opportunity.
The government also needs to effectively steer the economic narrative and for that, Joe Hockey has demonstrated he's simply not up to the task. He has to vacate his role as treasurer as well.
My choice would be the long serving deputy Julie Bishop to lead the party and the country with Malcolm Turnbull as her treasurer. I'd first like to see how politically competent Malcolm is in his natural arena before he has another opportunity to step up to the party leadership.