Mr Taylor unveiled his new-look shadow cabinet in Sydney on Tuesday after toppling the Liberal party's first female leader Sussan Ley by 34 votes to 17 in a partyroom ballot on Friday.
Deputy leader Jane Hume, who was entitled to pick her portfolio, will become the spokeswoman for employment and industrial relations, while moderate Tim Wilson will be made shadow treasurer.
It was widely expected Mr Taylor would return conservatives Andrew Hastie, Senator Jacinta Nampijinpa Price and Senator Sarah Henderson to frontbench positions.
Mr Hastie has been given the industry portfolio, while Senator Nampijinpia Price has taken over small business.
Senator Henderson has returned to the front bench as shadow minister for communications and digital safety after Ms Ley axed her from the education portfolio in May.
Senator James Paterson has shifted from finance to defence, the portfolio held by Mr Taylor prior to him snaring the top job, while Senator Jonathon Duniam has retained home affairs and immigration.
Senator Andrew Bragg has remained the housing and homelessness spokesperson and Dan Tehan has retained the energy portfolio and has also become the manager of opposition business.
Ted O'Brien has been given foreign affairs portfolio after previously being deputy Liberal leader under Ms Ley.
The promotions came at the expense of Alex Hawke, Andrew Wallace, Scott Buchholz and Paul Scarr, who lost their shadow ministries and were key backers of Ms Ley.
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