It is understood Labor will win the seat by about 200 votes and is expected to claim the victory imminently, following a formal declaration from the Electoral Commission of Queensland.
It's expected that Palaszczuk will enter her second term with a slight majority of 48 seats.
Mr Nicholls called Ms Palaszczuk on Friday morning and the premier will visit Governor Paul De Jersey to declare she can form a government later in the day.More news: Bayonetta 3 Announced As A Nintendo Switch Exclusive
Liberal National Party Leader Tim Nicholls has phoned Labor Premier Annastacia Palaszczuk to concede defeat, making her the first female leader in Australia to successfully defend her post.
The LNP is sitting on 39 seats, according to the ABC's election computer.
Treasurer Curtis Pitt is expected to be on the chopping block, amid reports he could be moved into the Speaker's role.More news: Boston Scientific Corporation (BSX) EVP Sells $260400.00 in Stock
EARLIER @ December 6, 8.20am: It looks like Labor has claimed the 47th seat it needs to form a majority government.
Stephen Andrew is One Nation's sole MP after he took the central Queensland seat of Mirani from Labor's Jim Pearce.More news: THQ Nordic's Next Title Leaks Ahead of The Game Awards 2017
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