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Confirmed – Australian national election will be on May 3

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Australian national election will be on May 3, Prime Minister Anthony Albanese has (finally) set the date.

The current government in Australia is centre-left, while the opposition is centre-right.

Australian financial markets are rarely troubled too much by a change in government. The differences between the two sides are rarely vast.

We await official election policies but top-of-mind right now is that:

  • the government has promised new income tax cuts
  • the opposition, on the other hand, have promised petrol (gasoline) tax cuts

Betting markets currently favour the opposition.

The two contenders:

Albanese and Dutton

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