Bill Shorten elected Labor leader

Bill Shorten is the new leader of the federal parliamentary Labor Party. Source: AAP

BILL Shorten has been elected leader of the federal parliamentary Labor Party.

Mr Shorten won with 63.9 per cent of the caucus vote and 40 per cent of the members vote for an overall total of 52 per cent.

"Proud to announce that @BillShortenmp has been elected the new #LaborLeader!" tweeted the ALP.

Mr Shorten won 55 votes in the 86-member caucus.

Mr Albanese attracted 18,230 rank-and-file votes to Mr Shorten's 12,196.

Interim leader Chris Bowen predicted Mr Shorten would go on to become the next Labor prime minister of Australia.

"Bill Shorten is a man who has dedicated his working life to representing vulnerable people and to representing this nation," he told reporters in Canberra.

Mr Bowen also paid tribute to Mr Albanese saying he still had a "significant contribution" to make in parliament.

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