Australia's Election: Potential Outcomes and Their Implications

Australia will hold a federal general election on May 3 after Prime Minister Anthony Albanese of the incumbent Australian Labor Party, or ALP, called new elections on March 28, hoping to take advantage of the federal budget's release to secure a bump in popularity ahead of the polls. The election will determine whether the ALP, led by Albanese, secures a second three-year House term, or whether the Liberal-National coalition, or LNC, returns to power after one term in opposition. Half the Senate will also be up for election, with the outcome critical to the next government's ability to pass legislation....