Steven Miles will be the next premier of Queensland after Health Minister Shannon Fentiman withdrew her candidacy for the job.
A deal was struck between Mr Miles's camp, which is made up of United Workers Union MPs, and Cameron Dick's Right faction on Monday night.
Mr Miles confirmed today that he and Treasurer Cameron Dick have formed a "leadership team" for the roles of premier and deputy premier to take to Friday's Labor party caucus.
Mr Miles will become the 40th premier of Queensland, and Mr Dick will retain the treasury portfolio when he is elevated to deputy premier.
At a press conference, Mr Miles said he had spoken with Health Minister Shannon Fentiman this morning, although it is unclear whether that was before or after she withdrew her candidacy.
"I'll let her speak for herself, but what you all know is that Shannon is one of my closest friends," Mr Miles said when asked about what the discussion with Ms Fentiman entailed.
"She's doing an excellent job in the health portfolio ... I have certainly asked her to stay on in that role and to take a leadership role within the government."
Mr Miles would not answer questions about broader changes to Cabinet and said more details would be made available after Friday's caucus meeting, but the ABC understands there will be a wider reshuffle.
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Ms Fentiman announced yesterday that she would contest the leadership, but confirmed her withdrawal in a statement this morning.
"It is clear that a majority of Labor members of parliament will support Steven Miles to be the next leader of the Labor party, and therefore the next premier of Queensland," she said.
"As a result, I will not be standing as a candidate for the Labor leadership when Caucus meets on Friday.
"Steven is a longstanding friend, and he will have my full support as premier of Queensland."
There had initially been a split in the Left faction between Mr Miles and Ms Fentiman.
Ms Fentiman said now was the time for unity, and for Labor to focus on retaining government at next year's election.
"There is so much at stake for our great state, and Queenslanders cannot afford an LNP government of cuts and chaos," she said.
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Steven Miles says the reason he made the announcement about freezing car registration for the following financial year was because of cost-of-living pressures Queenslanders are facing.
"No one's pretending that this fixes cost of living but every bill counts and every dollar counts," he says.
"I said to Cameron... let's find something right away that we can do that can help Queenslanders and this is what we came up with."
Our live coverage of this press conference ends here. Thanks for joining us.
Miles says he believes he is "the best choice to lead the state".
"At the end of next year, Queenslanders will have a choice," he says.
"I intend to prove to them over the next 10 or 11 months that the best choice for Queenslanders is to re-elect our government."
The deputy premier says he had a "good discussion" with the health minister this morning — it's not clear whether that was before or after she withdrew her candidacy for the role of premier.
"I'll let her speak for herself, but what you all know is that Shannon is one of my closest friends," he says when asked about what the discussion entailed.
"We've been dear friends since well before we were elected and have continued to work closely together.
"She's doing an excellent job in the health portfolio. No one knows how hard that portfolio is other than me, and Cameron, she's doing a great job in that role. I have certainly asked her to stay on in that role and to take a leadership role within the government."
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Miles endorsed by Palaszczuk for the job
Mr Miles said his priorities would be health, housing, cost of living, the 2032 Olympic and Paralympic Games, infrastructure and energy.
Annastacia Palaszczuk made the shock announcement to resign on Sunday, nearly a year out from what would have been her fourth state election.
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During her last press conference she gave Mr Miles a strong endorsement to be her successor.
Mr Miles was initially elected to parliament in 2015 as the member for the Brisbane seat of Mt Coot-tha, in the same shock election that made Anastasia Palaszczuk premier.
He was elevated straight into the cabinet as minister for the environment and Great Barrier Reef.
In 2017, he was handed responsibility for health — one of the most challenging portfolios — especially during a pandemic.
As health minister he gave regular COVID updates alongside the premier and chief health officer, defending the state's border closures.
In 2020, Ms Palaszczuk made him her deputy after Jackie Trad resigned.
Last year, he was also named the minister assisting the premier on Olympic and Paralympic infrastructure, helping roll out the controversial plan to tear down and rebuild the Gabba.
Now the member for Murrumba, an electorate just to the north of Brisbane, Mr Miles is a father of three and a self-declared Broncos fan.
Cameron Dick served as attorney-general and education minister in the Bligh government before losing his seat of Greenslopes at the 2012 election.
He made a political comeback at the 2015 election — this time in the electorate of Woodridge.
During the Palaszczuk government, he has served as health minister, state development minister, and most recently as treasurer.