Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > What are the potential outcomes of Australia's election?
    Headlines

    What are the potential outcomes of Australia's election?

    What are the potential outcomes of Australia's election?

    Published by Global Banking and Finance Review

    Posted on May 2, 2025

    Featured image for article about Headlines

    By Kirsty Needham

    SYDNEY (Reuters) -Australia will hold a general election on Saturday, with polls indicating Prime Minister Anthony Albanese's ruling centre-left Labor is ahead of opposition leader Peter Dutton's conservative Liberal-National coalition.

    Several polls predict Labor may need to form a minority government, the first in more than a decade. Australians are increasingly voting for independents and outside the main parties, expanding the ranks of such cross-benchers to 19 after the 2022 election, out of 150 seats.

    Here are the potential outcomes of the vote and what they would mean:

    MAJORITY LABOR GOVERNMENT

    Albanese would continue as prime minister, naming a new Cabinet from among elected Labor parliamentarians. He has said he would travel to Washington to meet U.S. President Donald Trump "very early on" if re-elected as Prime Minister in the May 3 election.

    MINORITY LABOR GOVERNMENT

    This is likely, according to polls.

    Labor is on a notional 78 seats, just two more than the minimum for a majority, and could lose outer metropolitan seats in the biggest states where cost-of-living pressures are a major concern for voters, analysts said.

    If a member of the cross-bench is appointed as speaker, Labor could govern with 75 seats.

    After an election, the prime minister remains in the role until they resign, which means the incumbent holds the advantage in negotiations over a hung parliament, said Anne Twomey, a constitutional law expert at the University of Sydney.

    During the campaign, Albanese said he would not do a deal to form a government with the Greens party, which held four seats in the previous parliament, or with independents.

    Seven "Teal" independents won seats from the Liberals in 2022 by supporting climate change and gender equality, positions also supported by centre-left Labor.

    Albanese could reach agreements with cross-benchers for "confidence and supply" without policy strings attached, Twomey said. This is a guarantee from enough independents or minor parties who hold the balance of power that they will support the government if there is a vote of no confidence, and will vote to pass appropriation spending bills so the government can provide services and pay public servants.

    She added that the Greens are unlikely to support a conservative Dutton government on ideological and policy grounds, while the Teals could split.

    This could give Labor an upper hand in negotiations for a minority government if it is only a few seats short of a 76-seat majority.

    HUNG PARLIAMENT

    In this scenario, independents and minor parties would be the kingmakers.

    In the last hung parliament in 2010, the major parties were tied on 72 seats. The Labor and Liberal-National leaders courted a handful of independents and a Green, striking policy deals in exchange for support, during negotiations that stretched on for weeks.

    Labor won more support and its minority government lasted three years. But there was acrimony over broken deals and Tasmanian independent and anti-gambling campaigner Andrew Wilkie, who entered parliament in 2010, has said he will not enter another such deal.

    Any agreement between the prime minister and a cross-bench member for support is only a political agreement and is not legally binding, said Twomey.

    "A member of parliament cannot contract away their vote," she said, citing court decisions on the matter.

    MINORITY LIBERAL-NATIONAL GOVERNMENT

    The Liberal-National coalition would have to make a large gain, from 53 seats in the previous parliament, to be within striking range of 76 seats, and polling shows this is unlikely.

    The most likely cross-bench partners for the Liberal-Nationals would be Teals in wealthy urban seats, and maverick 79-year-old Queensland independent Bob Katter, a former conservative who has represented a vast rural electorate for three decades. Katter refused to support the Labor minority government in 2010.

    MAJORITY LIBERAL-NATIONAL GOVERNMENT

    A Liberal-National coalition ruled for nine years before its 2022 election loss, so if the polling is wrong, cost-of-living pressures could drive voters to return a conservative government.

    (Reporting by Kirsty Needham in Sydney; Editing by Edmund Klamann)

    Related Posts
    Russian attacks on Ukrainian ports cause drop in food exports
    Russian attacks on Ukrainian ports cause drop in food exports
    French President Macron slams U.S. visa ban on Thierry Breton and others
    French President Macron slams U.S. visa ban on Thierry Breton and others
    EU says it strongly condemns U.S. visa ban on European individuals
    EU says it strongly condemns U.S. visa ban on European individuals
    Ukraine unveils 20-point peace proposal under discussion with US
    Ukraine unveils 20-point peace proposal under discussion with US
    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says
    Putin has been briefed on U.S. proposals for Ukraine peace plan, the Kremlin says
    Zelenskiy seeks meeting with Trump to hammer out issue of territory
    Zelenskiy seeks meeting with Trump to hammer out issue of territory
    How Israel's hilltop settlers coordinate attacks to expel Palestinians
    How Israel's hilltop settlers coordinate attacks to expel Palestinians
    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
    Italy watchdog orders Meta to halt WhatsApp terms barring rival AI chatbots
    Australian state passes tougher gun, protest law after Bondi Beach shooting
    Australian state passes tougher gun, protest law after Bondi Beach shooting
    Russia plans a nuclear power plant on the moon within a decade
    Russia plans a nuclear power plant on the moon within a decade
    EU, France, Germany slam US visa bans as 'censorship' row deepens
    EU, France, Germany slam US visa bans as 'censorship' row deepens
    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says
    Libya army chief of staff killed in jet crash near Ankara after fault reported, Turkish official says

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostDHL CEO says rival's claim it broke antitrust rules is unfounded
    Next Headlines PostGermany's Scholz urges careful review of possible far-right party ban

    More from Headlines

    Explore more articles in the Headlines category

    Ukraine drone attacks target Moscow at night, spark industrial fire in Tula, Russia says

    Ukraine drone attacks target Moscow at night, spark industrial fire in Tula, Russia says

    Australia cancels British man's visa after charges of displaying Nazi symbol

    Australia cancels British man's visa after charges of displaying Nazi symbol

    Russia's air defence units destroy drone flying towards Moscow, mayor says

    Russia's air defence units destroy drone flying towards Moscow, mayor says

    Lilly, Novo lock horns in India's obesity drug race

    Lilly, Novo lock horns in India's obesity drug race

    Investor Louis Bacon wins defamation case against ex-fashion mogul Peter Nygard

    Investor Louis Bacon wins defamation case against ex-fashion mogul Peter Nygard

    Two police officers killed by bomb in Moscow near site of Russian general's killing

    Two police officers killed by bomb in Moscow near site of Russian general's killing

    US targets former EU commissioner, activists with visa bans over alleged censorship

    US targets former EU commissioner, activists with visa bans over alleged censorship

    Pope Leo 'disappointed' in Illinois governor over assisted dying law

    Pope Leo 'disappointed' in Illinois governor over assisted dying law

    Pope Leo expresses 'much sadness' about Russia refusing Christmas ceasefire

    Pope Leo expresses 'much sadness' about Russia refusing Christmas ceasefire

    Biathlon-Norwegian athlete Bakken dies at 27

    Biathlon-Norwegian athlete Bakken dies at 27

    Ukrainian troops withdraw from eastern town of Siversk

    Ukrainian troops withdraw from eastern town of Siversk

    UK police say comedian Russell Brand charged with two more sex offences

    UK police say comedian Russell Brand charged with two more sex offences

    View All Headlines Posts