The Albanese government has paved the way for an election in the new year by securing the bulk of its legislative agenda in a single day – including the Reserve Bank restructure – after the Greens folded in return for a handful of concessions.

The government secured the Senate passage of 31 bills on Thursday night after months of staring down opposition by the Greens, the Coalition and crossbenchers to many of its key policy proposals and making excessive demands in return for support.