Prime Minister Scott Morrison and Treasurer Josh Frydenberg are preparing to hold crisis talks with Victorian Liberal MPs to discuss the federal implications of the state election.
The meeting will take place on Monday morning, as federal politicians begin the final sitting weeks of the year.
Victorian Labor smashed the state coalition in Saturday's poll, returning to government with a surprise 16 more seats on the back of a five per cent swing.
A swag of Liberal seats is at serious risk if the swing to Labor is replicated at a federal level.
