AUSTRALIA and New Zealand could work on joint free trade and visa agreements together in an attempt to calmly steer the region through the shockwaves of Britain's exit from the European Union. 
Malcolm Turnbull said one of his first actions as a reelected prime minister would be to urgently meet with NZ counterpart John Key to discuss a common approach to the "considerable" implications of Brexit.
He said the pair had discussed the issue yesterday by phone and were keen to meet at high-level talks with experts on plotting a new way forward as soon as possible.
"We have many, many common interests in terms of dealing with that from a trade point of view, from a movement of persons point of view," Mr Turnbull said.
"There are big issues in terms of the access of Australians and New Zealanders to Europe and indeed to the United Kingdom - a lot of issues to work on.
"If my government is reelected on Saturday, John and I would meet very shortly thereafter with our officials and set out a collaborative, cooperative framework within which Australia and New Zealand would work together to ensure that we maximise any opportunities that arise out of these changes." Such a plan would ensure the interests of Australians and New Zealanders and businesses in each country were protected as Europe went through this significant change, he said Meanwhile, the Council of Financial Regulators - including the Treasury, Australian Securities and Investments Commission (ASIC) and Australian Prudential Regulations Authority (APRA) - will prepare a comprehensive report on the likely consequences of the decision to be delivered early next week to the incoming government.
Mr Turnbull said he continued to receive regular briefings from experts, including Australian diplomats in Europe.
"We will have a great deal of work to do in the future to progress our free trade agreement with the European Union," he said.
"And of course we will need to negotiate free trade agreements with the United Kingdom following their departure from the European Union."To that end, we have a lot of common interests with our neighbours in New Zealand."