Canberra, May 18: Australia's opposition Labour Party leader Bill Shorten on Saturday conceded defeat to Prime Minister Scott Morrison in country's general election.

"It is obvious that Labour will not be able to form the next government," Shorten told his party members in Melbourne.

The Australian Broadcasting Corporation called 74 seats in the 151-seat lower parliamentary house as wins for Morrison's Liberal-National party coalition, with 65 seats to Labour and 12 undecided.

Seventy-six seats are needed to form a majority government. Shorten said he called Morrison to congratulate him and announced he would not stand for re-election as Labour leader.

(The above story first appeared on LatestLY on May 18, 2019 09:32 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).