Canberra, May 21: Australian Prime Minister Scott Morrison has conceded defeat in the country's federal elections held on Saturday.

He said in a speech that he has spoken to opposition leader Anthony Albanese and congratulated him on his victory, Xinhua news agency reported. Assam Floods Latest Updates: Govt Starts Guwahati-Silchar Emergency Flight, Nearly 2,251 Villages Remain Under Water.

The Australian Broadcasting Corporation on Saturday projected that Labor will form government for the first time since 2013, with Albanese set to become the country's 31st Prime Minister.

The results mark an end to the coalition's nearly nine-year hold on power and Morrison's tenure as Prime Minister.

(The above story first appeared on LatestLY on May 21, 2022 07:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).