• Anthony Albanese sworn in for a second term as Prime Minister of Australia.
• The Labor Party secured the largest center-left government since 1901.
• Sussan Ley elected as the first woman leader of the federal Liberal Party.
• Albanese to undertake international visits for trade discussions.
• Coalition government emphasizes economic growth amid geopolitical uncertainty.

Australian Prime Minister Anthony Albanese was sworn in for a second term on Tuesday, May 13, following a significant electoral victory that returned what he described as the largest center-left Labor government since federation in 1901. His party achieved this success by capitalizing on a voter backlash against global instability attributed to U.S. President Donald Trump's policies, resulting in a come-from-behind win on May 3, according to Reuters, Channel News Asia, and The Jakarta Post.

In a significant shift within the conservative opposition, the Liberal Party's leader, Peter Dutton, lost his seat, leading to the election of Sussan Ley as the party's new leader, marking a historical moment as she becomes the first woman in this role. Her election comes after the party's losses in urban areas of Sydney and Melbourne to independent candidates advocating for policies targeting climate change and gender equality, according to Reuters, Channel News Asia, and The Jakarta Post.

The Australian Electoral Commission is still in the process of finalizing vote counts, but the Labor Party has already claimed at least 92 of the 150 seats in the House of Representatives. Albanese noted that this marks the most extensive Labor caucus since the establishment of Australia as a federation of six former British colonies in 1901, according to Reuters, Channel News Asia, and The Jakarta Post.

The swearing-in ceremony conducted by Governor-General Sam Mostyn also saw the confirmation of key appointments, with roles such as treasurer, foreign affairs, defense, and trade remaining unchanged. Newly appointed ministers include Michelle Rowland as attorney-general, Murray Watt as environment minister, and Tanya Plibersek as social services minister. Bran Black, CEO of the Business Council of Australia, emphasized the importance of the new government maintaining stable policies to foster economic growth in a time of global uncertainty, highlighting that "one in four jobs being trade-dependent" necessitates securing new opportunities abroad, according to Reuters, Channel News Asia, and The Jakarta Post.

In terms of international engagements, Albanese is set to travel to Indonesia shortly after his swearing-in and plans to attend the inauguration mass of Pope Leo XIV in Rome, where he will also engage with other world leaders, including European Union president Ursula von der Leyen, to discuss trade relations, according to Reuters, Channel News Asia, and The Jakarta Post.