Watch VideoPlay Video
Australia's 14 million registered voters cast their ballots in the country's major parliament election. Early exit polls suggest a neck-and-neck race. Australia's current Prime Minister Julia Gillard acknowledges the election is too close to call, and it will take days to determine a result.
The Australian Electoral Commission says about three-quarters of the primary votes in the nation have been counted. The Labor Party currently leads the Coalition, but by the slimmest of margins -- 50 percent to 49 percent.
Because the election is so close the prospect of Australia's first hung parliament since the Second World War could occur. The political party which has the most members in the House of Representatives wins the election, while its leader becomes prime minister.
Other ministers are appointed from among the party members and Senators. Gillard will continue to lead the country until the outcome of the election is determined.