It's the big Australian Election of 2016, called by Malcom Turnbill, leader of the stufftiest party (the Liberals), in order to try and organise the Senate. What he's ended up doing is fracture his leadership in the House of Representatives.

With about 90% of the votes counted, the Liberals are sitting at around 64 confirmed seats with a further 2 expected, while Labour (WOOO!!!) are sitting at 69 seats with a further 3 expected. With only 7 undecided seats, the Liberals need almost every single one of them to win back their Government, but if Labour takes at least 2 seats the Attorney-General will find that there's no clear majority and this election will be declared unofficial (and we may go back for a second election).
As for the Senate...while results aren't published, it's absolute chaos; the Liberals have lost their majority and now independents like Christine Hanson and Nick Xenophon have seats, which will make things MUCH harder if the Liberals hold on to their Government for passing bills.
This is going great :D