- 17 updates
Australia's Prime Minister-elect Tony Abbott has vowed to limit foreign aid and curb greenhouse gas reduction measures in a bid to help the country's economy.
The money saved is to be invested in road projects in Sydney, Melbourne and Brisbane.
Opponents and aid groups say the move is short-sighted and goes against Australia's image of global cooperation.
Mr Abbott also plans to visit Indonesia soon to discuss plans for the Australian navy to turn back Indonesian fishing boats carrying asylum seekers hoping to reach Australia.
David Cameron has spoken to and congratulated the new Australian Prime Minister elect, Tony Abbott, Downing Street has said.
Tony Abbott has told supporters he looks forward to forming a competent government, as his Liberal-National coalition swept to victory in Australia's general election.
"I now look forward to forming a government that is competent, that is trustworthy, and which purposefully and steadfastly and methodically sets about delivering on our commitments to you, the Australian people," he said.
Australia's Prime Minister Kevin Rudd has conceded defeat to the conservative opposition in national election.
He said: "As your PM and as your parliamentary leader of the great Australian Labor Party I accept responsibility. I gave it my all but it was not enough for us to win."
Australia's Prime Minister Kevin Rudd has conceded defeated in the country's general election.
Addressing supporters, he said: "A short time ago I telephoned Tony Abbott to concede defeat at these national elections. As PM of Australia I wish him well now in the high office of PM of this country."
Australia's Broadcasting Corporation has called the country's general election for opposition leader Tony Abbott.
Early exit poll numbers suggest the Labor Party government is facing strong swings against it in New South Wales, Victoria, Queensland and Tasmania, the broadcaster reports.
A senior lawmaker in Australia's ruling Labor Party has said the opposition has won the election, the Associated Press reports.
Counting of votes in Australia's general election is underway in the eastern states, where the governing Labor Party appears on track to be swept from power.
Australia's opposition leader Tony Abbott was forced to cut short a visit to a polling station when he was mobbed by protesters in favour of support for refugees.
Abbott has built up a strong opinion poll lead on the back of promises to stop the flow of refugee boats arriving in Australia's northwest, rein in government spending, scrap an unpopular tax on carbon emissions.
Latest ITV News reports
Tony Abbott is looking forward to forming a "trustworthy" government after his Liberal-National coalition won Australia's election.
It looks like British-born opposition leader Tony Abbott has overtaken PM Kevin Rudd in the polls with the election just two days away.