Labor leader Bill Shorten has conceded defeat in Australia's federal election on Saturday, May 18.
Prime Minister Scott Morrison was re-elected May 18, securing another three-year team for the Liberal-National coalition following an intense five-week campaign against Bill Shorten and the Labor party.
"Without wanting to hold out any false hope, while there are still million of votes to count, it is obvious Labor will not be able to form the next government," he told Labor supporters.
He said he had called Scott Morrison to congratulate him on a win for the coalition.
He said he would remain as the member for Maribyrnong but said "I will not be a candidate in the next Labor leadership ballot."
"Labor's next victory will belong to our next leader and I'm confident that victory will come at the next election," he said.