May 22, 2022 23:27 GMT
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Counting is still continuing after Saturday's Australian Federal election, although Labor Leader Anthony Albanese has been sworn in as the new Prime Minister today, along with key ministers.
- The main question that remains from the election result is whether Labor will form an outright majority. A number of newswires are stating Labor should win 76 seats, which would give it the smallest of majorities.
- If final counting shows the Labor party falling short of this level it will require support from the Greens and a number of independents to pass legislation.
- In any event, climate change/action is likely to be a key focus of the Labor government, as the Greens polled strongly at the election and a number of independents won seats with a strong climate change agenda.
- The other focus point will cost of living pressures and potential wage rises to help offset such pressures.
- Note the new Australian Prime Minister will travel to Japan later today for the Quad leaders' summit. He will meet with the US President and Indian and Japan leaders.