Oz conservative leader Tony Abbott set for win: Exit polls

Australia`s Prime Minister Kevin Rudd was headed for a defeat in the national elections on Saturday, as exit polls suggested a landslide victory for his Conservative challenger Tony Abbott.

`Despite Rudd`s return, Australian opposition set for poll win`

Kevin Rudd`s dramatic comeback as Australian Prime Minister and Labor leader has not been able to reverse the heavy odds stacked against the ruling party.