For the first time in 30 years, the Australian Democrats won't be represented in either house of the Federal Parliament.
They are set to lose party status after being wiped out in Saturday's vote, failing to poll 2 per cent of the vote around the country.
Such is the state of the Democrats that on the Australian Electoral Commission (AEC) website the party is now referred to just as "other".
Leader Lyn Allison conceded defeat and will retire from politics when her Parliamentary term ends on June 30 next year. Her deputy, Andrew Bartlett, has been forced to admit that his career in politics is over.
Senator Bartlett says the party must now confront the future realistically.
"The future for the Democrats is really a matter for the membership of the party as a whole, and that is something that the members should talk about over the next couple of months once they get a bit of time to digest the election result and the broader political landscape," he said.
"But I think it's a discussion members should have and thoughts members should have in a realistic way and it will be up to people as individuals and collectively to decide what happens from here."
Senators Natasha Stott Despoja and Andrew Murray are retiring, leaving the party unrepresented in Parliament from July next year.
Senator Bartlett won't discuss what went wrong. He says today is a day to recognise what the Democrats have achieved in three decades in politics.
"I am sure that everybody has their opinions on things that went wrong," he said.
"I think at this stage I would rather focus on the many, many more things that were done right by Democrat members and parliamentarians over 30 years.
"It is an enormous record of achievement that's undoubtably left Australia a much better place and made our Parliament and our democracy much better than it would have otherwise have been, and I will let others try to fingerpoint what went wrong.
"I think it is pretty obvious, frankly, the major mistakes that were made a little while ago, but I would rather not get into that at this stage."
30-year history
In 1977 renegade Liberal Don Chipp set up the Australian Democrats. Promising to "keep the bastards honest" as a third force in politics, he said the party would never sink a government.
Twenty years on they became a major force in politics, with nine senators and the balance of power, despite their leadership difficulties.
Then in 1999, when the party's then-leader Meg Lees negotiated with the government to pass the GST, the Democrats split.
The ABC's election analyst Antony Green says the party never recovered.
"Once they modified the tax package and they did improve the social equity of the GST in the tax package, they were then criticised for having not 'kept the bastards honest,' for actually having allowed the government to implement a policy... so there was a lot of hypocrisy and a lot of political pincer movements set out to destroy the Democrats," he said.
"But that wasn't the end of the Democrats. What happened afterwards, Meg Lees sold the reason for supporting the GST badly but in the subsequent leadership under Natasha Stott Despoja, just tried to walk away from the decision and pretend it didn't happen.
"They didn't defend it. They didn't try and argue they were a party that was both socially progressive and economically responsible.
"They just increasingly became a socially progressive party and preferred not to talk about economics at all.
"And then in 2002 the whole party just fell apart when they couldn't decide on who was the leader and the party's organisational wing just split totally from the party senators and that was the death knell.
"The split in 2002 was the end of the Democrats."
Hope among young Dems
Despite the poor results in the election, one young Democrat is determined to fight on. Laura Chipp is the 22-year-old daughter of founder Don Chipp.
She stood for the House of Representatives in the Victorian seat of Isaacs and says young members are signing up in droves.
"I ended up more than doubling my vote since the last election for the seat of Isaac, and the Greens in my seat actually lost 1 per cent in the seat," she said.
"So I think on election day the feedback was so positive and people really enjoyed the fact that we were running even if we didn't poll as well as we usually do."
Ms Chipp is refusing to accept that the party is over.
"I know that we don't have any parliamentary representation but the party is still more than alive and kicking," she said.
"We have had members join in the past couple of days even post-election. Just new members wanting to join, especially the younger age groups, because they just feel there is no alternative other than the Democrats.
"I know it is a bit late but we have had a huge influx of young members joining throughout the year and 10 candidates in Victoria were under the age of 27.
"So there is definitely a future for the party and I am really enthusiastic and really believe that by 2010 we can regain a lot of ground that we have lost and pick at least two or three Senate seats back up."
Editor's note: This story originally contained a reference to Lyn Allison having resigned as leader of the Democrats. Senator Allison's office says she will remain the leader of the parliamentary party until her term in the Senate expires at the end of June, 2008.