Expressing her views on Turnbull's narrow win, Environmental Scientist, Jules Wright, said, "it's not exactly unexpected but I think he's actually been given a bit of a shock that, you know, it wasn't a landslide and this is not us saying "you can do what you want".

Australia's ruling conservative government has finally won re-election after a pain-staking count of the ballots cast at July 2 polls, which is still ongoing. Australian Broadcasting has called 74 of the 150 seats in the House of Representatives for the Liberal-Nationals.

Turnbull has won the support of three independent MPs on budget matters and on votes of no confidence.

Labor vowed not to unduly disrupt the new parliament, although it and several independents oppose much of the coalition's jobs and growth agenda, from how to return to budget surplus to a proposal for a A$50-billion ($38 billion) corporate tax break.

Shorten yesterday called Turnbull to congratulate him and conceded electoral defeat even as the vote counting was underway, according to media reports here.

Mr Pyne said, however, the Coalition's policy had not changed.

"I've been an advocate of electronic voting for a long time", Turnbull said.

After the signing of this agreement, which is occurring today, the Prime Minister will visit Governor General Peter Cosgrove to be sworn in again as Prime Minister. There was a one in three chance, S&P warned, that it would downgrade the nation's AAA credit rating by 2018 if the parliament failed to introduce savings or revenue measures that reduced its budget deficit to a "balanced position" by the early 2020s. Katter compared the situation to 2010's hung parliament situation, out of which Labor's Julia Gillard formed a minority government with support from independents. The Nationals are expected to be in a better bargaining position for cabinet positions after they secured a higher than expected percentage of seats in the lower house at the election.

The election was an opportunity for Turnbull to get the clear backing of voters, nine months after he seized the Liberal leadership from Tony Abbott in a coup of ruling party lawmakers.

"It's vital that this parliament works - it is vital that we work together and as far as we can try to find ways upon which we can all agree."

Senator Cory Bernardi, one of the coalition's most vocal right-wingers, called the election "a disaster" and has since made moves to establish his own conservative movement, although he denies plans to defect from the Liberal party.

Either way, Turnbull faces a rough road ahead with a divided party, a splintered Senate and a politically tired public that has endured five changes of prime minister in as many years.

So basically Australia has a slight delay in officially appointing our Prime Minister, because our system of constitutional monarchy means the Queen's representative has to swear them in, but the Queen's rep is too busy celebrating the brutal deposition of the French monarchy back in the 1700's.