Incoming New Zealand PM unveils unusual coalition government

New Zealand's incoming conservative Prime Minister Christopher Luxon unveils an unusual coalition government, with a pair of long-time political adversaries set to take turns as deputy prime minister over the next three years.

"We will be a three party coalition government. I will be the Prime Minister, Mr Peters will be deputy Prime Minister for the first half of the term and Mr Seymour will be for the second half," Luxon says.

Nearly six weeks after voters ended the six-year reign of the centre-left Labour government, new prime minister Christopher Luxon and his National Party have stitched together a three-way coalition with the conservative ACT party and populist New Zealand First.