The incumbent Liberal-National Country Coalition led by Malcolm Fraser, in government since 1975, was elected to a second term over the opposition Labor Party led by Gough Whitlam. While the Coalition suffered a five-seat swing, it still had a substantial 48-seat majority in the House.
The current Liberal-National Country Coalition, led by Malcolm Fraser, who had been in power since 1975, won a second term over the Labor Party headed by Gough Whitlam. Despite losing five seats, they still maintained a significant 48-seat majority in the House.