8th September, 2013

Liberal Party leader Tony Abbott has been elected Australia's 28th Prime Minister after the Coalition won yesterday's federal election with a national swing of about 3.5 per cent.

Mr Abbott yesterday said was both "proud and humbled" by his election win and declared that the "time for governing has arrived".

Pledging himself to the "service of our country", Mr Abbott said in three year's time, "the carbon tax will be gone, the boats will be stopped, the budget will be on track for a believable surplus and the roads of the 21st century will finally be well underway".

He said he would govern for all Australians.

Meanwhile former Prime Minister Kevin Rudd announced he was resigned the Labor leadership with Bill Shorten tipped to take on the role of Opposition Leader.

- DAVID ADAMS