By 2050, the Australian population is expected to grow from 22 million to 36 million. That increase alone will put huge pressure on our towns and our cities. We will need more homes, more roads, more rail lines, more hospitals, more schools, just to accommodate so many Australians.

As nations we should also commit afresh to righting past wrongs. In Australia we began this recently with the first Australians - the oldest continuing culture in human history. On behalf of the Australian Parliament, this year I offered an apology to indigenous Australians for the wrongs they had suffered in the past.

I am determined to honour the confidence which has been extended to us by the people of our great land. And I say to all of those who have voted for us today, I say to each and every one of them that I will be a prime minister for all Australians.

Something my mum taught me years and years and years ago, is life's just too short to carry around a great bucket-load of anger and resentment and bitterness and hatreds and all that sort of stuff.

Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals, the society in which they live and the economy in which they work. Most critically, our responsibility in this parliament is how that power is used: whether it is used for the benefit of the few or the many.

John Howard's credibility on the entire Iraq war has been torpedoed by John Howard's own intelligence agency.

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