Canberra, May 21 (AP) Australia's prime minister has conceded defeat after an election that could deliver a minority government.

Prime Minister Scott Morrison acted quickly after Saturday's election despite millions of votes yet to be counted because an Australian prime minister must attended a Tokyo summit on Tuesday with U.S., Japanese and Indian leaders.

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“I believe it's very important that this country has certainty. I think it's very important this country can move forward,” Morrison said.

“And particularly over the course of this week with the important meetings that are being held, I think it's vitally important there's a very clear understanding about the government of this country,” he added.

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Opposition leader Anthony Albanese will be sworn in as prime minister after his Labor party clenched its first electoral win since 2007. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)