The Australian Government has recognised Venezuela's Opposition Leader, Juan Guaido, as the country's legitimate leader.
It follows similar declarations by the US, Britain, Germany and France.
Venezuela has sunk into turmoil under President Nicolas Maduro, with ongoing food shortages and daily protests amid an economic and political crisis.
In a statement, Foreign Affairs Minister Marise Payne said Australia would support Mr Guaido until elections were called.
"Australia calls for a transition to democracy in Venezuela as soon as possible," Senator Payne said.
"We now urge all parties to work constructively towards a peaceful resolution of the situation, including a return to democracy, respect for the rule of law and upholding of human rights of the Venezuelan people."
More to come.