STORY: Addressing a televized media conference on Tuesday evening after a tally of results, Prime Minister Albanese said that Labor had won 77 seats, a majority in the 151-seat House of Representatives.
Securing a majority lowers the risk for Labor that it would have to negotiate with a group of 16 crossbenchers - mostly climate-focused independents and Greens - to pass legislation, although it will still need to win additional support for legislation in parliament's upper house.
On Tuesday, Albanese also confirmed Richard Marles as Deputy Prime Minister, Penny Wong as Foreign Minister, Jim Chalmers as Treasurer, and Katy Gallagher as Finance Minister. Marles will also be Defence Minister.
Albanese said that ten women would serve in the new Cabinet, a new record for women's representation. The new ministry will be sworn in on Wednesday morning (June 1).