Turnbull agrees to first online debate

An innovative prime minister needs an innovative election.

And that's why Malcolm Turnbull has agreed to participate in the first online leaders debate of the campaign.

The prime minister has reached an agreement with Facebook and News.com.au for the debate, which is subject to Opposition Leader Bill Shorten's participation.

He said it would enable millions of voters to participate in a platform that most Australians received their news from.

It would allow audiences to interact in a way the traditional media couldn't.

"This is the most exciting time to be an Australian and to participate in an election debate in the media of our time," Mr Turnbull told reporters in Picton, NSW today.

Broadcasters will be able to show the debate, which could be held as soon as next week.