[BBC.CO.UK] Australia's opposition has crushed the governing Labor party in a general election that has returned the Liberal-National coalition to power for the first time in six years.The coalition won 88 seats to Labor's 57 in the 150-seat parliament.
Liberal leader Tony Abbott, who will be prime minister, promised a competent and trustworthy government.
Outgoing PM Kevin Rudd earlier admitted defeat and said he would not stand again for the Labor leadership.
The main election issues were how to tackle an expected economic slowdown, whether to keep a tax on carbon emissions, and how to reduce the number of asylum seekers arriving by boat.
Mr Rudd called the election after defeating Julia Gillard in a leadership challenge in June, amid dismal polling figures that showed Labor on course for a wipe-out.
Under Mr Rudd, Labor initially saw its figures improve. But Mr Abbott, who enjoyed the strident support of Rupert Murdoch's newspapers, then widened the gap again.
"From today I declare Australia is under new management and Australia is now open for business", Mr Abbott told a cheering crowd as he delivered a victory speech.
He said that he would put the budget back into surplus, and stop boats bringing migrants from Asia.