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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 minsiter,succedding Bob Hawke,who left parliament on 20 February 1992 after12 years representing the seat of wills.
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The frist Coalition government for 13 years was sqworn in, with JOhn Howars as Prime Minister
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Ministers of the new labor government led by Kevin Rudd, with Julia Gillard as Australia's frist female deputy Prime Minister , sworn in by the Governor- General.
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After the closest election result since 1961 produces a hung Parliament,intense negotiations enable Laor to form a minority government with the support of four cross-bench Members.