Business disappointed by lack of election result

Image: www.adelaidenow.com.au

The result from Saturday’s federal election is still not known, with vote counting to continue tomorrow and neither Coalition or Labor currently having enough seats to govern in their own right.

Sky News reports that prime minister Turnbull does not believe a result will not be known until the end of next week.

According to the ABC’s website at 11 am, the Coalition and Labor are tied at 67 lower house seats  each, with five claimed by independents and 78.8 per cent of votes counted.

The Australian Industry Group said yesterday it hoped that the eventual winner would have the strength to meet a “significant array of challenges”, with the outcome failing to deliver the certainty that business hopes for.

“This result is obviously very close and has yet to provide the country with any certainties,” the Ai Group’s chief executive Innes Willox said in a statement.

“The economy continues to undergo a major transformation and we need to be able to meet those challenges.”

The Daily Telegraph reports the Australian Institute of Company Directors CEO John Brogden calling it “the worst possible outcome for Australia”. Outspoken retail billionaire Gerry Harvey went further, saying a decisive government hadn’t been seen since 2007 and said a dictatorship might be needed.

“The only cure we’ve got is to have a dictator like in China or something like that. Our democracy at the ­moment is not working,” the Telegraph reports him as saying, perhaps tongue-in-cheek.