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Labour under Prime Minister Bob Hawke retained government.
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In an exchange of Labour Party leadership, Paul Keating became prime minister, succeeding Bob Hawke, who left parliment on 20 February 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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Minister of the new Labour government led by Kevin Rudd, with Julia Gillard as Australia's first female deputy Prime Minister, sworn in by the Governor-General.
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Pm website
After the closest election result since 1961 produces a hung parliment, intense negotiations enable Labor to form a minority government with the support of four cross-bench Members.