Emma Gillespie

The party would reach minor party status.

Now that's important because it would unlock parliamentary entitlements like more funding.

Does that make sense?

Which is sometimes a criticism of the system that, you know, you can elect a person because they're in a party and then they can defect to a party that maybe you wouldn't have voted for.

It goes both ways for sure.

What happens next is we're waiting to see how much movement this garners.

There's advanced conversations clearly happening.

Sources say an announcement could come within weeks.

What the party will be called and who will lead it remains to be seen.

The coalition, it won't surprise you to hear, has dismissed this.

Shadow Treasurer Tim Wilson described it as being about the Teal's own survival, not the good of the nation.

Deputy opposition leader Jane Hume has accused the independents of abandoning their voters.

She's basically said that they told electorates that they would do politics differently, but now want to do things, quote, exactly the same way.

Labor, it may not also surprise you to hear that it has said that, you know, this is a matter for the Teals.

It's not surprised about the speculation, but, you know, obviously inroads have been made and it's up to the Teals now to make their own assessment about what works for them.

But there are still some real hurdles ahead, Billie.

What is clear is that the political landscape is shifting fast.

The coalition is under extreme pressure now from two sides of the political spectrum.

The centre faction appears to be on the rise.

Whatever happens, it's an exciting time, I think, in domestic politics and we will be watching closely to see what happens next.