The election produced an unusual result—Labor did not gain any net seats in the Legislative Assembly of Queensland, maintaining 44 of 89, or one short of a governing majority, but the National-Liberal coalition which had governed with the support of Independent Liz Cunningham was reduced from 44 to 32 due mainly to the rise of Pauline Hanson's One Nation Party in their rural heartland.
The following day, Labor leader Peter Beattie and his deputy, Jim Elder, were sworn in by the Governor of Queensland as a two-man cabinet.
The list below is ordered by decreasing seniority within the Cabinet, as indicated by the Government Gazette and the Hansard index.
It served until the reconstitution of the Ministry on 28 July 2005 following the resignation of Deputy Premier Terry Mackenroth.
On 3 March 2005, Liddy Clark resigned after an investigation to the Crime and Misconduct Commission into airfares given to Aboriginal activists to Palm Island following a riot there.