Millions of voters will head to the polls on 21 May, after Scott Morrison officially called the federal election.
The Prime Minister flew from Sydney to Canberra on Sunday morning to visit Governor-General David Hurley and receive authorisation for parliament to be dissolved and for the election to be ordered.
The election will be for all 151 electorates of the House of Representatives and 40 seats in the Senate.
At present, the coalition holds 76 seats, Labor holds 68, the Greens hold one and Independent MPs hold three.
The coalition has been in power since 2013, with three Prime Minister's holding the top office - Tony Abbott, Malcolm Turnbull and Mr Morrison.
How the 151 seats of the lower house are divided ahead of the 2022 federal election Source: SBS
Mr Morrison is aiming to become the first incumbent Prime Minister to win two elections in a row since John Howard in 2004.
Anthony Albanese, who has lead the opposition since the resignation of Bill Shorten after his 2019 loss, is hoping to steer Labor to power and become Australia's 31st prime minister for the nation's 47th parliament.
The federal election will take place on 21 May, 2022. Source: SBS
Labor has been ahead in the polls consistently since June 2021, sitting on a two-party preferred vote of 55 per cent as the official campaign begins.
The coalition starts the race with 76 seats out of the 151-seat lower house, with Labor on 69 if the new seat of Hawke in Victoria is considered a win.
Forty seats in the upper house are in contention in a half-Senate election.