Here’s what we know at the end of election 2022.

Labor will form government – possibly in its own right – despite garnering less than one-third of the vote, after a night of chaos in which the ranks of the Coalition were decimated by teal independents, the opposition and the Greens.

Treasurer Josh Frydenberg is among the six Liberals who were either defeated or facing defeat in their once blue-ribbon seats by the Climate 200-backed teal independents.

With more than half the vote counted, Labor had a net 72 seats confirmed by the Australian Electoral Commission. A minimum 76 is needed to form government. Only Labor is in a position to negotiate minority government should it not win the 76 seats.

Labor leader Anthony Albanese, who will be Australia’s 31st prime minister, said, “I’m ready to serve”. “Tonight the Australian people have voted for change,” he said.

Morrison conceded defeat just before 11pm. He said he would step down as leader but stay in politics for now.

Frydenberg’s ouster at the hands of teal independent Monique Ryan means Peter Dutton, who survived a scare to retain his seat of Dickson, will probably take the leadership of a wounded and divided Liberal Party.