Elections for the 54th Parliament of New South Wales were held on Saturday, 24 March 2007. The entire Legislative Assembly and half of the Legislative Council was up for election. The Labor Party led by Morris Iemma won a fourth four-year term against the Liberal-National coalition led by Peter Debnam. Labor's substantial majority survived the election almost intact. The Liberals succeeded in taking two independent-held seats and one Labor-held seat, whilst the Nationals and an independent each took one Labor-held seat.