Negotiations between the Nationals and the Liberals have reignited following a swift breakdown of their longstanding Coalition agreement, which had been in place for nearly 80 years.

The renewed discussions come only two days after the Coalition's dissolution, with both parties indicating a willingness to re-engage in talks aimed at reconciling their differences.

Nationals leader David Littleproud announced the temporary suspension of frontbench deliberations as a sign of goodwill, inviting further talks on policy alignment with the Liberals.

"I'm prepared to pause my announcement today as a sign of good faith," Littleproud stated to journalists in Canberra.

This gesture follows Liberal leader Sussan Ley's decision to delay a scheduled shadow cabinet announcement, allowing time for party discussions.

The Nationals have articulated four key policy demands essential for any potential Coalition agreement: lifting the moratorium on nuclear energy, establishing divestiture powers to manage major supermarket monopolies, securing $20 billion in funding for regional development, and reforming telecommunications infrastructure in rural areas.

Reports indicate that Liberal leader Sussan Ley initiated crisis discussions with Littleproud in her office on the morning of Thursday following the split.

Ley convened a virtual meeting of the Liberal party room to deliberate on the Nationals' policy requests, which are seen as pivotal for the prospective restoration of their alliance.

The two parties are scheduled to meet again next week, with aspirations for a resolution before the parliament reconvenes on July 22.

Ley expressed a welcoming stance towards the Nationals' decision to re-enter negotiations, emphasizing the Liberal Party's commitment to forming a Coalition.

"In relation to the policy positions proposed by the National Party room, consistent with my consultation commitment, the Liberal Party will consider these, utilising our party room processes," Ley stated.

The backdrop to these negotiations includes divergent narratives regarding the cause of the Coalition's breakup.

The Liberals contend that the split primarily stemmed from the Nationals' failure to adhere to the principle of cabinet solidarity, as this would have traditionally required members to support frontbench decisions unanimously.

In contrast, the Nationals have firmly denied that this was a factor, asserting that their focus remained solely on the aforementioned policy demands.

There have also been developments regarding the stance on nuclear energy, with the Nationals expressing willingness to simply lift the moratorium on nuclear power rather than pursuing an agenda for seven nuclear reactors, which had been a proposal during the federal election campaign.