FACTBOX: Key policy themes for Australia's Labor

Former journalist turned Australian Labor Party candidate Maxine McKew waves to supporters at her election night party in the Sydney electorate of Bennelong November 24, 2007. In early counting, McKew is leading the vote for the electorate, setting the scene for a possible upset by unseating Australian Prime Minister John Howard who currently holds the seat.

(Reuters) - Australia's Labor Party swept into power at national elections, propelling 50-year old former diplomat Kevin Rudd into office on a wave of support for generational change.

Following are some key policy themes for Labor.

FOREIGN POLICY

- Withdraw few hundred combat troops from Iraq, look to transfer Australia's training of Iraqi security forces to another country, keep and possibly increase troop numbers in Afghanistan.

- New Homeland Security department.

- Maintain close U.S. alliance, but more independent voice on foreign policy.

- Shut Australia's offshore refugee detention centers on Nauru and Papua New Guinea.

ECONOMY

- A$59 billion ($52 billion) in spending promises, including A$31 billion in income tax cuts.

- Continue economic conservatism, maintain budget surplus at 1 percent of GDP, keep sales tax at 10 percent, keep low inflation policy, support central bank independence, tax breaks.

- Abolish controversial labor contracts that loosened union influence and changed some employment conditions.

CLIMATE CHANGE

- Ratify Kyoto Protocol and lead Australia to the December U.N. Climate Summit in Bali, cut carbon emissions by 60 percent of 2000 levels by 2050.

- Total green pledges worth A$5 billion, including A$500 million on renewable energy research and A$200 million on a Great Barrier Reef rescue plan.

($1=A$1.14)

(Reporting by Rob Taylor)