Mr Turnbull is awaiting advice from the current solicitor-general on the issue, and says it needs to be seen by Liberal MPs before another leadership spill.
But as rumours started to swirl of Dutton potentially challenging the PM for the leadership, it started to become increasingly clear that scrapping the plan was not enough and Turnbull was on a sinking ship.
"I can not underline too much how important it is that anyone who seeks to be prime minister of Australia is eligible to be a member of parliament", Turnbull said.
Health Minister Greg Hunt, Citizenship Minister Alan Tudge, Human Services Minister Michael Keenan and Cyber Security Minister Angus Taylor had all voted for Dutton on Tuesday and then offered to resign, but Turnbull had initially asked them to carry on in their roles.
"There's real transactional cost".
To top it all off they shut down Parliament because they're too busy tearing each other apart rather than taking the fight to their opponents.
The inquiry will look into allegations concerning the inappropriate exercise of ministerial powers and report by September 11.
But less than 24 hours after their "just smile and wave boys, just smile and wave" press conference, three of Turnbull's biggest allies Mathias Cormann, the government leader in the Senate, communications minister and deputy government Senate leader Mitch Fifield, and jobs minister Michaelia Cash fronted the media to confirm they had turned their backs on Turnbull.
"But I can't ignore reality", Senator Cormann said.
Jennifer Lopez shines like MTV's infamous Moon Person at the VMAs
Lopez danced her "Booty" off, participated in epic outfit changes, and showed everyone who the O.G twerk queen is. Jennifer Lopez accepts the Michael Jackson Video Vanguard Award as presenter Shawn Mendes applauds.
"It would be kinder to voters and more in the national interest if Mr Turnbull drove to Yarralumla (Cosgrove's official residence) and called an election a year early", The Sydney Morning Herald wrote in an editorial.
While Treasurer Scott Morrison and Foreign Minister Julie Bishop have been mooted as potential candidates, both have so far said they're not running for the leadership.
The prime minister had hoped the first ballot, called by himself, would end speculation his government had lost faith in him after poor opinion polling and a by-election defeat in Queensland.
Dutton said he was canvassing for support to take another tilt at Turnbull, possibly as early as this week. Such a petition was being compiled, according to local media, although it remained unclear how many signatures he had gathered. They don't get that Australia has moved on from there position.
The opposition narrowly lost a vote in Parliament that would have sent Dutton to court to determine whether he is eligible to be a prime minister.
Late on Thursday night, Mr Dutton published legal advice from David Bennett QC arguing there was no breach of the constitution. The vote to refer Dutton to the High Court was defeated 69-68 in the House of Representatives before it adjourned.
Such a pending court case could scare lawmakers away from supporting Dutton in a leadership ballot.
The question comes down to whether Mr Dutton's stake in a trustee company that operates two childcare centres constitutes a conflict of interest, given the centres receive subsidies that were legislated by the Turnbull government.
Australia's continued political instability has fuelled anger and frustration among voters and hindered investment by the business sector.