Because the time has come, well and truly come, for all peoples of our great country, for all citizens of our great commonwealth, for all Australians - those who are indigenous and those who are not - to come together to reconcile and together build a new future for our nation.

It is tragic that we have lost one of our nation's finest actors in the prime of his life. Heath Ledger's diverse and challenging roles will be remembered as some of the great performances by an Australian actor.

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.

Compassion is not a dirty word. Compassion is not a sign of weakness. In my view, compassion in politics and in public policy is in fact a hallmark of great strength. It is a hallmark of a society which has about it a decency which speaks for itself.

The Government's mission is to build a strong and fair Australia capable of meeting the new challenges of the 21st century.

But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.

2009 was a tough year, but Australia rose to the challenge of the global financial crisis. It shows what can be done when we all join together and work together, governments of all persuasions state, territory and local; businesses large and small; unions and local communities right across the nation.