The Labor Party was returned to government for a third-term, led by incumbent premier Annastacia Palaszczuk.

At 11pm on 31 October, Liberal National Party leader Deb Frecklington conceded defeat, congratulating Palaszczuk on her victory.

[3] David Crisafulli won the ensuing leadership spill and was elected LNP leader on 12 November 2020.

Nevertheless, One Nation managed to get an increased majority in the only lower house seat in Australia that it currently holds: Mirani (represented by Stephen Andrew since 2017).

The LNP candidate, Amanda Camm, managed to win the seat with an increased majority over the Labor Party.

Despite two by-elections, the composition of the 56th Parliament was unchanged, with the exception of the member for Whitsunday Jason Costigan.

He was expelled from the LNP over allegations of behavioural impropriety, resulting in him joining the crossbench and eventually forming the North Queensland First party.

In 2012, it suffered the worst defeat of a sitting government in the state's history, but regained power in 2015.

The Governor may call an election earlier than scheduled if the Government does not maintain confidence, or the annual appropriation bill fails to pass.

[19] Due to the COVID-19 pandemic, consideration was given to holding this election as a full postal ballot,[20] but this did not occur.

[35] The first leaders' debate of the campaign between Palaszczuk and Frecklington was a People's Forum hosted by Sky News and the Courier Mail and was held on 28 October.

[36] The selected audience consisted of undecided voters who post-debate were asked which party they would vote for based on the debate performance of the respective leaders.