LNP leader Tim Nicholls has officially conceded defeat following the Queensland election almost a fortnight ago.
Mr Nicholls rang Premier Annastacia Palaszczuk on Friday morning to concede.
He will not recontest for the LNP leadership, saying it was time for a new generation of LNP leaders.
"I am proud of the positive campaign the LNP ran," he said.
"I take full responsibility for it."
Ms Palaszczuk was expected to visit Governor Paul de Jersey on Friday to advise she had the numbers to form government.
A new LNP leader will be chosen at a leadership ballot next week.
The frontrunners were current Deputy Leader Deb Frecklington, John-Paul Langbroek and David Crisafulli.