Queensland Labor (ALP) has officially secured 44 seats in the state election, giving it the required number to form a minority government.

The Electoral Commission of Queensland has spent the past few days making final declarations.

The ALP can now take office with the help of Sunshine Coast independent MP Peter Wellington.

The LNP looks set to finish with 42 seats.

As of 2:00pm there was only one more seat left to declare - the seat of Burnett, which looked set to remain with the LNP.

Once the seat is finalised, all eyes will be on Governor Paul de Jersey, who earlier this week said he would commission a new premier when all seats were declared.

Labor leader Annastacia Palaszczuk could be sworn in as Queensland's premier as early as today.

Loading

Curtis Pitt, who served as shadow treasurer for Labor for the past three years, would not confirm if he would be treasurer under a Labor government.

Nevertheless, he has had a confidential briefing with Treasury in the past week.

Mr Pitt said a recent assessment showed economic growth was contracting, due in part to a deteriorating global environment.

"We will be facing an ongoing economy that is sluggish and continued concerns about unemployment," Mr Pitt told 612 ABC Brisbane.

Key Labor policies: Save $150m a year by merging electricity distributors Ergon, Energex and Powerlink, and generators CS Energy and Stanwell.

Save $150m a year by merging electricity distributors Ergon, Energex and Powerlink, and generators CS Energy and Stanwell. Use two-thirds of state-owned asset profits to pay down $5.4b in debt in six years and $12b in 10 years.

Use two-thirds of state-owned asset profits to pay down $5.4b in debt in six years and $12b in 10 years. $40m to boost tourism jobs and attract visitors.

$40m to boost tourism jobs and attract visitors. Spend $100m to improve the reef's water quality.

Spend $100m to improve the reef's water quality. 25pc payroll rebate for businesses to hire apprentices and trainees.

25pc payroll rebate for businesses to hire apprentices and trainees. $139m for 875 teachers and $9m for 45 new guidance counsellors.

$139m for 875 teachers and $9m for 45 new guidance counsellors. $110m for an extra 400 nurses over four years and $12m over four years for 20 new school nurses.

$110m for an extra 400 nurses over four years and $12m over four years for 20 new school nurses. Reinstate state-sanctioned civil union ceremonies for same-sex couples.

Reinstate state-sanctioned civil union ceremonies for same-sex couples. Set up a taskforce to review anti-bikie legislation.

Set up a taskforce to review anti-bikie legislation. $6m organised crime inquiry, 300 extra police.

$6m organised crime inquiry, 300 extra police. Reduce cabinet ministers from 19 to 14 to save $27m in three years.

He said a Labor government would not, as promised, raise taxes, fees and charges, and would focus on job creation.

The Liberal National Party (LNP) is expected to finish with 42 seats, and the only hope it has of minority government will be to win the backing of the two Katter MPs and victory in a Ferny Grove by-election, if one is held.

Labor's Mark Furner was declared the winner in the north-west Brisbane seat by more than 400 votes after preferences, but the LNP was expected to push for another election after the Palmer United Party candidate was disqualified for being an undischarged bankrupt after the January 31 poll.

PUP candidate for Ferny Grove, Marc Taverner, received 993 votes, with 353 of those "exhausted" with no further preferences for Labor, the LNP or Greens candidates.

ABC election analyst Antony Green said the simple presence of an unelected ineligible candidate was not in itself enough to overturn a result.

"If every one of the voters who cast these '1'-only ballots had voted for the LNP candidate in the absence of Taverner on the ballot paper, Labor would still have won Ferny Grove by more than 100 votes," Mr Green said.

"That makes it harder to argue that Taverner's presence on the ballot paper has affected the outcome in Ferny Grove."

Pauline Hanson asks for recount after losing election bid

One Nation founder Pauline Hanson has failed in her bid to be elected to the southern Queensland seat of Lockyer.

LNP incumbent Ian Rickuss pipped Ms Hanson by 184 votes after preferences.

Mr Rickuss said the arrogance displayed by senior LNP figures contributed to the previous government's downfall.

Electoral Commission Queensland (ECQ) principal officer Carrick Brough said the commission was considering a recount in the seat after receiving a request from Ms Hanson.

Mr Brough said Ms Hanson thought that preferences were not allocated properly.

Labor asked for recounts in Mount Ommaney and Whitsunday but were not approved.

"Just a close result is not sufficient, there needs to be something else which makes us think that something has gone wrong with the count," Mr Brough told 612 ABC Brisbane.

"It is not something we do usually."

The ECQ has 50 full-time staff, who Mr Brough said were nearing exhaustion.

The remaining five seats were expected to be declared today.

"We're hoping today. It's really looking like today," Mr Brough said.