Turnbull will not contest the leadership if it goes to another vote

Prime Minister Malcolm Turnbull is buying time as he fronts the media to announce his moves.

Malcolm Turnbull won't stand again if a probable partyroom meeting passes a spill motion. (AAP) Source: AAP

M. Turnbull has cast a shadow on the eligibility on leadership contender Peter Dutton regarding his share at two childcare centers in Brisbane.

In a snap media conference, Mr Turnbull announced that if he receives a letter carrying the signatures from the majority of his MPs he will call a party room meeting tomorrow midday.

At the meeting, he said, will not stand as a candidate for the top job.