Tony Abbott (Liberal) concedes defeat as Julia Gillard (Labor) claims a narrow victory!
'Prime Minister Julia Gillard and Wayne Swan'
Labor has successfully formed a minority federal government after clinching the support of independents Tony Windsor and Rob Oakeshott.
After 17 days of uncertainty, regional NSW MPs Mr Windsor and Mr Oakeshott finally decided to throw their support behind the Labor Party.
The decision will see Julia Gillard remain as prime minister after taking a narrow margin in the House of Representatives, 76 to 74.
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