Two-party-preferred vote
In Australian politics the two-party-preferred vote (TPP or 2PP) is the result of an election or opinion poll after preferences have been distributed to the last two parties. For the purposes of TPP, the Liberal/National Coalition is usually considered a single party, with Labor being the other major party. Typically the TPP is expressed as the percentages of votes attracted by each of the two major parties, e.g. "Coalition 45%, Labor 55%", where the values include both primary votes and preferences. The TPP is an indicator of how much swing has been attained/is required to change the result, taking into consideration preferences, which may have a significant effect on the result.
The TPP assumes a two-party system, i.e. that after distribution of votes from less successful candidates, the two remaining candidates will be from the two major parties. However, in some electorates this is not the case. The two-candidate-preferred vote (TCP) is the result after preferences have been distributed, using instant-runoff voting, to the final two candidates, regardless of which party the candidates represent. For electorates where the two candidates are from the major parties, the TCP is also the TPP. For electorates where these two candidates are not both from the major parties, preferences are notionally distributed to the two major parties to determine the TPP. In this case the TPP differs from the TCP, and is informative but has no effect on the election outcome. TPP results above seat-level, such as a national or statewide TPP, are also informative only and has no result on the election outcome.