Australia’s most senior Jewish politician, Josh Frydenberg, looks to be one of the casualties of the electoral defeat of the ruling government coalition.
The treasurer of Australia and deputy leader of the Liberal Party had been tipped to succeed Prime Minister Scott Morrison, who has announced his resignation as party leader after the reversal in the polls.
Labor leader Anthony Albanese, whose party has gained the most seats, is set to head the next government.
Mr Frydenberg has yet to formally concede defeat in his Kooyong constituency while postal votes remain to be counted but acknowledged it would be “very, very difficult” to make up ground to the independent candidate currently in the lead.