Australia news LIVE:Anthony Albanese announces ministry after securing majority government;Peter Dutton,Sussan Ley lay out vision for renewed Liberal Party

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It’s been another big day in federal politics,with Labor claiming the seat of Gilmore,giving the party a 77-seat majority in the lower house.

Prime MinisterAnthony Albanese also announced the people in his new ministry,who will be sworn in tomorrow.

The cabinet includesRichard Marles as deputy prime minister and minister for defence,Penny Wong as minister for foreign affairs,Jim Chalmers as treasurer,Katy Gallagher as finance minister and minister for women,andChris Bowenas minister for climate change and energy.

Albanese also namedPat Dodson as special envoy for reconciliation and the implementation of the Uluru Statement from the Heart,Nita Green as special envoy for the Great Barrier Reef,andSusan Templemanas special envoy for the arts.

Meanwhile,former prime ministerScott Morrison will reassess his future in politics in the next six to 12 months,according to new Liberal leaderPeter Dutton,who said there was the possibility of a by-election in Morrison’s seat of Cook down the track.

Labor’s outer ministry will be composed of the following people:

The assistant ministers will be:

Other envoys:

Here is the full cabinet announced by Prime MinisterAnthony Albanese this evening:

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Prime MinisterAnthony Albanese has named his new ministry,with a shake-up from some portfolios held on his frontbench in Labor.

Deputy Prime MinisterRichard Marles takes on the defence portfolio while Senate leader Penny Wong is confirmed as the foreign affairs minister.

Jim Chalmers is the treasurer – the role he was sworn into last week – andKaty Gallagher holds on to the finance and public service portfolios and will also be minister for women.

Tony Burke stays in his portfolios of employment,workplace relations and the arts,Mark Butler keeps health and aged care,andChris Bowen will be minister for climate change and energy.

Catherine King will also keep the portfolios of infrastructure,transport,regional development and local government.

Linda Burney will be the minister for Indigenous Australians but sheds the social services portfolio.

Malarndirri McCarthy will be her assistant minister,andPat Dodson will be a special envoy for the reconciliation and implementation of the Uluru Statement from the Heart.

“I think we had an overflow of talent on my side of parliament,” Albanese said.

“It is the most experienced incoming Labor government in our history since federation.”

Prime MinisterAnthony Albanese announced his new ministry earlier.

Watch the announcement here:

The ASX 200 dropped more than 1 per cent to 7211.1 after rising oil prices highlighted recession fears across the globe and sent the local share market to its worst monthly performance since January.

Every sector finished the day lower with tech,telco and banking stocks the worst performers.

The finance sector dropped 2 per cent with the Commonwealth Bank and ANZ both down more than 2 per cent.

Labor is claiming victory in the NSW South Coast seat of Gilmore,with its candidateFiona Phillips ahead by 222 votes in the extremely close race.

A win in Gilmore would give Labor 77 seats in the 151-seat chamber,one seat more than needed to form a majority government.

“NSW Labor has made the decision to call the seat of Gilmore to me,” Phillips told the ABC.

“We have seen again a strong trend towards me with the absentee vote,which is very unlikely,and I am just thrilled with the result.”

Labor secured the seat of Macnamara yesterday in another close race. The seat of Deakin has yet to be called.

TheAustralian Electoral Commission said it had finished conducting three-candidate-preferred counts for Gilmore and had identified Labor’s Phillips and Liberal candidateAndrew Constance as the final two candidates.

Phillips,who is the incumbent,currently has 50.1 per cent of the two-candidate-preferred vote.

About 88 per cent of the vote has been counted for the division.

Constance has been contacted for comment.

The first commercial cruise to return to Australia since cruise ships were banned in March 2020 to curb the spread of COVID-19 will set sail from Sydney this afternoon.

The ban on cruise ships expired on April 17 and was not renewed by the federal government. However,all passengers on cruises are now required to be double vaccinated and undergo stricter pre-arrival processes related to the virus.

The 2020 ban was announced a week after the Ruby Princess docked in Sydney. After they had disembarked,more than 900 passengers and the ship’s crew tested positive for COVID-19,infecting dozens of other people.

TheP&O Cruises Australia Pacific Explorer will sail from Sydney to Brisbane over four nights.

“We can’t wait to see happy guests back on board Pacific Explorer on our first guest cruise since cruising in Australia was given the green light to resume,”Marguerite Fitzgerald,president ofCarnival and P&O Cruises’ Australian operations,said.

“It’s more than two years since we have delivered a commercial cruise but,on our recent three-night test sailing from Sydney,Pacific Explorer’s onboard team performed brilliantly.

“You would swear they had never been away and have been eager to welcome our guests onboard,who will be just as keen to see our crew again.”

There were about 34,000 new COVID-19 cases recorded nationally in the latest reporting period.

Australia’s biggest carbon emitter,energy companyAGL,has walked back from controversial plans to split its business.

AGL’s plan to break up its retail and power generation operations into separate entities came under relentless pressure from tech billionaireMike Cannon-Brookes and others.

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Executive shake-up

Cannon-Brookes demands AGL rules out ‘flogging off’ coal-fired power plants

They argued splitting the business would leave it in a poorer position to accelerate the closure of coal-fired power stations in Victoria and NSW.

AGL’s chief executive,chairman and two independent directors fell on their swords on Monday. The remaining board members announced they would undertake a strategic review of the future of the company.

Today on ourPlease Explain podcast,business reporter Nick Toscano joinsBianca Hall to discuss the future of AGL and how the market could drive Australia’s transition to a clean-energy powerhouse.

Listen here.

TheStar Entertainment Group is not suitable to hold a casino licence,lawyers for a public inquiry say,arguing the embattled group is yet to deeply reflect on what went wrong.

Naomi Sharp,SC,began her closing submissions on Tuesday to the inquiryinto Star’s Sydney casino licence,wrapping up more than seven weeks of hearings exposing governance and probity failures of the gaming giant.

“We submit that the evidence in the public hearing establishes that The Star is not suitable to hold the casino license and that its close associate Star Entertainment is not suitable either,” she said.

The NSW Independent Liquor&Gaming Authority launched the review late last year to assess whether Star is fit to hold its licence,following revelations byThe Sydney Morning Herald,The Age and60 Minutes ofmoney laundering,criminal infiltration and wide-scale fraud at the Pyrmont casino.

It has examined allegations thatStar ignored the criminal links of its major “junket” high-roller tour partners and disregarded basic anti-money laundering procedures to avoid China’s strict capital flight and anti-gambling laws.

Sharp argued that the casino group was “only at the beginning of its journey about what has gone wrong” within its organisations.

The inquiry continues.