Kevin Rudd concedes defeat in general election

Kevin Rudd announces that he has conceded defeat to his rival Tony Abbott Credit: APTN

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."

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Abbott wins Australia election

Tony Abbott has said he is looking forward to forming a "trustworthy and "competent" government after his Liberal-National coalition swept to victory in Australia's election. Earlier, Prime Minister Kevin Rudd conceded defeat to his supporters.