Published: Sat, April 13, 2019
Global News | By Blake Casey

AUDUSD Price Outlook Positive, Australian Federal Election Set for May 18

AUDUSD Price Outlook Positive, Australian Federal Election Set for May 18

Morrison and his main opponent, Labor party leader Bill Shorten, both used the Australian phrase "a fair go" to frame their campaigns around a national sense of equality and opportunity, albeit from very different angles.

The prime minister has hit the campaign trail after calling a May 18 poll.

Morrison led his pitch to voters with his conservative coalition's economic credentials, framing the election as a referendum on its record of managing Australia's finances.

"Now is not the time to turn back. It is a choice that will determine the economy that Australians live in, not just for the next three years but for the next decade", Morrison told reporters after meeting with Governor-General Peter Cosgrove at his residence here.

- There are two houses of Parliament, with the government formed by the party or coalition with a majority in the lower chamber or House of Representatives.

"I'm asking my fellow Australians today that on the 18th of May you vote Liberal and National around the country", Mr Morrison said.

It will be Morrison's first election as leader since he replaced former Prime Minister Malcolm Turnbull in August after a party-room revolt.

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The umbrella group spearheading the protests has meanwhile appealed to the army for talks on forming a transitional government. State TV ceased regular broadcasts, showing only the statement promising the statement and urging the public to "wait for it".


The Labor opposition laid out its health spending priorities in last week's budget reply, promising to make cancer treatments and scans significantly cheaper.

After a national redrawing of seat boundaries, the coalition starts with a notional 73 seats (down from 74) with Labor on 72 (up from 69).

"We are ready for the election, we are ready for government", Shorten said.

Picking up Morrison's focus on the importance of economic management, Shorten said only Labor could manage the economy "in the interests of working and middle-class people". "You vote Labor once, you pay for it for a decade".

There was speculation the election would be called last weekend, prompting opposition accusations the government was deliberately delaying the move so it could continue using taxpayer funds for government advertising.

Australia has two houses of parliament - the House of Representatives and the Senate.

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