Scott Morrison offered Treasury role in new Cabinet: source

EVIDENCE is emerging that new Prime Minister Malcolm Turnbull is setting about arranging his new frontbench.

There has been much speculation about the future of the Treasurer Joe Hockey, who was seen as the target of Mr Turnbull's economic criticism ahead of his moves to overthrow Tony Abbott.

Mr Turnbull's office has said the reshuffle is likely to be announced over the weekend or early next week, and a ministerial meeting was held last night.

The ABC's Barrie Cassidy said he had been told the Social Services Minister Scott Morrison has been offered the position of Treasurer.

According to his information, Mr Hockey has been offered the chance to remain in Cabinet, and is likely to be offered the Communications portfolio.

Read more on the ABC.