We are so fortunate, as Australians, to have among us the oldest continuing cultures in human history. Cultures that link our nation with deepest antiquity. We have Aboriginal rock art in the Kimberley that is as ancient as the great Palaeolithic cave paintings at Altamira and Lascaux in Europe.

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A core challenge for Australia is - how do we best prepare ourselves for the Asia Pacific century - to maximise the opportunities, to minimise the threats and to make our own active contribution to making this Asia-Pacific Century peaceful, prosperous and sustainable for us all.

Having a go at kids with a terminal illness is really beyond the pale, absolutely beyond the pale.

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.

No diplomatic intervention will ever be made by any government that I lead in support of any individual terrorist's life. We have only indicated in the past, and will maintain a policy in the future, of intervening diplomatically in support of Australian nationals who face capital sentences abroad.

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.