Tony Abbott Australia's new Prime Minister after election victory Declaring a triumphant victory at the polls, incoming Prime Minister Tony Abbott says Australia is under new management. Courtesy Nine Network Australia's new prime minister ... Tony Abbott smiles as he leaves a polling station after casting his vote in Sydney. TONY Abbott will be sworn in as the 28th prime minister of Australia after clinching an historic victory and ending six years of Labor rule. With counting still going, the Liberal Party leader has already secured a clear majority of seats in the 150-electorate house of representatives. Tony Abbott has declared Australia is "once more open for business" in claiming victory in Saturday's election. Incoming Prime Minister, Tony Abbott, thanks his friends and supporters as he announces a change of Government after a decisive election victory. Courtesy: Sky News He acknowledged the service to the country of outgoing Prime Minister Kevin Rudd, following the Labor leader's concession speech. "I now look forward to forming a government that is competent, that is trustworthy," he told a packed crowd at the Four Seasons Hotel in Sydney. Tony Abbott supporters storm the stage as the elected in-coming Prime Minister of Australia, with his daughters Louise, Bridget and Frances and his wife Margi celebrate the victory in Sydney. Photo by Gary Ramage. Liberal supporters cheered Mr Abbott as he spelled out the coalition's election win over Labor. "I can inform you that the government of Australia has changed," he said. For just the seventh time in 60 years the government of Australia has changed. The coalition had won 13 seats clearly with 10 seats still in play, Mr Abbott said. "And I can inform you that the Australian Labor Party vote is at the lowest level in more than 100 years," he said. He confirmed Mr Rudd had called him to concede defeat. "He has been the prime minister of this country not once but twice so I acknowledge his service to the nation of Australia," he said. Mr Abbott said the people of Australia had shown they would determine who would govern or be prime minister of the country. "Today the people of Australia have declared that the right to govern this country does not belong to Mr Rudd or to me or to his party or to ours but it belongs to you, the people of Australia," he said. And you will punish anyone who takes you for granted. Mr Abbott said his government would be purposeful, steadfast and methodical in setting about delivering on its commitments to the Australian people. "From today, I declare that Australia is under new management and that Australia is once again open for new business," he said. Mr Abbott said the governor-general would swear in his government in the "next week or so." He promised again that the new government understood its potential and limits and guaranteed "no surprises and no excuses." "A government that accepts that it will judged more by its deeds than by its mere words," he said. He promised that in "three years time" the carbon tax would be gone, the asylum seeker boats would be stopped, the budget would be on track for surplus, and the roads of the 21st century be under construction." Mr Abbott said hundreds of thousands of people had voted Liberal and National for the first time in their lives. A good government is one that governs for all Australians, including those who haven't voted for it. A good government is one with a duty to help everyone to help maximise his or her potential - Indigenous people, people with disability and our forgotten families as well as those who Menzies described as lifters not leaners. We will not leave anyone behind. Earler, Kevin Rudd conceded defeat about 9.35pm in Brisbane, where he announced he would be standing down as leader of the Labor Party. a happy man ... The elected in-coming Prime Minister of Australia, Tony Abbott, celebrates the victory in Sydney.. The win caps off an extraordinary turnaround by Mr Abbott and the opposition after being sensationally turfed out of office in 2007. Mr Abbott seized the leadership by one vote in December in 2009 after a partyroom split over whether to back Labor's doomed emissions trading scheme. Incredibly, he killed off Kevin Rudd in June 2010 and then Julia Gillard in June 2013 before finally tonight seeing off Mr Rudd a second time. We will govern for all Australians ... Tony Abbott's victory speech in Sydney.