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Labor under Prime minister Bob Hawke retained government.
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In an exchange of Labor Party leadership, Paul Keating became prime minister, succeeding Bob Hawke, who left parliament on 20 Febuary 1992 after 12 years representing the seat of wills.
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The first Coalition government for 13 years was sworn in, With John Howard as Prime Minister.
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Ministers of the new Labor government led by Kevin Rudd, with Julia Gillard as Australia 's first female deputy Prime Minister, sworn in by the Government General.
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After the closest election result since 1961 produces a hung Parliament, intense negotiations enable Labor to from a minority government with the support of four cross-bench Member.