Steven Miles is set to become Queensland’s next premier, 9News understands.
It’s understood the decision was made following a late-night deal brokered between union heavyweights.
Miles will be voted in as premier when the state Labor party holds a ballot on Friday, where he will run as leader uncontested.
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It is understood current Treasurer Cameron Dick will take on the role of deputy premier.
The deputy premier was the first to put his name forward just hours after Palaszcuzk’s resignation.