WE ARE NOW CLOSING our Live Report on the Australian election with Labor Prime Minister Kevin Rudd conceding election defeat to conservative challenger Tony Abbott.
A woman holds a banner in support of conservative challenger Tony Abbott in Sydney on September 7, 2013. Australia's Labor Prime Minister Kevin Rudd on Saturday conceded election defeat to Abbott, and wished his rival well.
With just over 65% of votes counted ABC News gave the Coalition 85 seats well clear of the 76 seats needed to form a government. Labor were on 54 seats.
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