[Not in current Constitution: nearest equivalent section is:

61 Executive power
The executive power of the Commonwealth is vested in the Queen and is exercisable by the Governor-General as the Queen’s representative, and extends to the execution and maintenance of this Constitution, and of the laws of the Commonwealth.]

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The executive power of the Commonwealth is vested in the Government of the Commonwealth, comprised of the Prime Minister, the Deputy Prime Minister and Ministers of State.

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The executive power of the Commonwealth is vested in the Government of the Commonwealth, comprised of the Prime Minister, the Deputy Prime Minister and Ministers of State.

61A.1 The present Constitution vests executive power in the Queen then says it is exercisable by the Governor-General: s.61. This is misleading, as in practice executive power is exercised by the Government. The proposed model recognises reality by vesting the power in the Government.
61A.2 The proposed section also defines the Government - it comprises the Prime Minister, Deputy Prime Minister and his or her Ministers. Again, this simply recognises reality, in a way that our current Constitution fails to do. People reading the Constitution should understand how Government works.
61A.3 The net result of s.61A is to advance democracy. Power will be vested in those who are elected to Parliament, then chosen by the House of Representatives to govern. Power will no longer be exercised - nominally or otherwise - by an unelected Queen or Governor-General.