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. That's one more than Labor needs to govern in its own right, allowing Premier Annastacia Palaszczuk to keep her promise not to do deals with anyone to hang onto power.
It's expected that Palaszczuk will enter her second term with a slight majority of 48 seats.
Treasurer Curtis Pitt is expected to be on the chopping block and could be offered the Speaker's role.
Deb Frecklington wants to be the leader of Queensland's Liberal National Party and has enlisted potential rival Tim Mander as her running mate.
"I have spoken to the Whips and requested that a party room meeting be held at 2pm next Tuesday, 12 December 2017".
He also announced he would stand down from the LNP leadership.
The ECQ has so far officially declared 54 seats across the state, 31 for Labor, 22 for the LNP and 1 for Katter's Australia Party.
It's not known whether Mr Nicholls will resign from parliament, although in the statement he thanked the people of his electorate of Clayfield "for re-electing me for my fifth term".
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