Liberals gather to choose NSW premier
5:27pm: And so after the drama of Wednesday, today ran a little bit more smoothly for the NSW Liberal Party.
Initial talk of a leadership contest between Mike Baird and Gladys Berejiklian was discounted early, when the latter withdrew her candidacy to focus on becoming deputy. This was unwelcome news to the right of the party, but they appeared to be later mollified, as Pru Goward and Anthony Roberts withdrew from the race to be deputy.
This allowed Baird and Berejiklian to be elected unopposed to head the party.
Baird then gave a confident first press conference where he announced he didn't just want to stabilise NSW, but "transform it". (An attempt to distance himself from O'Farrell's reputation as a plodder, perhaps?)
Ms Berejiklian announced she would stay on as transport minister, rather than take on the treasury portfolio, while Mr O'Farrell is going to continue in politics, presumably on the back bench.
Quote of the day goes to Mr O'Farrell, for his joke as the two future leaders walked into a party room meeting.
"You're late. As a consequence, Gareth Ward has been elected Premier unopposed."
This ends our live blog. For a wrap of the day's events, click here.
5:10pm: A snapshot of some of the conversation happening on Twitter about our newly elected state leadership.
4:59pm: That wraps up the first press conference of Mike Baird as Liberal leader and soon-to-be Premier.
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Liberals gather to choose NSW premier