New South Wales politics takes place in context of a bicameral parliamentary system. The main parties are the Liberal and National parties of the governing Coalition and the Australian Labor Party. Other minor political parties include the Greens, Shooters, Fishers and Farmers Party and One Nation, along with multiple independents. The New South Wales government is sometimes referred to informally as "the bear pit", as a mark of perceived unruly behaviour within the parliamentary chambers, and 'Macquarie Street', a metonym of the street of that name where Parliament House is located, in Sydney's CBD. State politics Parliament of New South Wales The Australian state of New South Wales has a bicameral parliament. The Legislative Assembly (lower house) is composed of 93 members of parliament, each of whom represents a single electorate. The voting system is preferential. Until the mid-1990s, members of the Assembly served for up to four years, until the Greiner government made terms a fixed length of four years. The Legislative Council (upper house) comprises 42 members, who serve terms of 8 years. The King of Australia is represented by the governor, who formally appoints the premier, as nominated by the majority party in the Assembly. Office holders The formal chief executive of New South Wales is the governor, who is appointed as the King's representative on the advice of the head of the governing party. The current governor is Margaret Beazley. The governor holds limited reserve powers, but with few exceptions is required by convention to act on the advice of the government. The Premier of New South Wales is currently Dominic Perrottet of the Liberal Party. The 46th Premier, Perrottet assumed office on 5 October 2021 in a leadership election following the resignation of Gladys Berejiklian. This follows a succession of resignations, as Berejiklian succeeded Mike Baird in 2017, who in turn succeeded Barry O'Farrell in 2014. The Deputy Premier of New South Wales, and current Nationals leader is Paul Toole, who has held this office since 2021, succeeding John Barilaro, who retired from politics. Officially opposing the New South Wales government is the opposition Labor Party, currently led by Opposition Leader Chris Minns. The government is decided every four years by election. The most recent election was held in 2019, with the next in 2023. Political parties New South Wales is currently governed by the Liberal Party. The two main parties are the Liberal Party/National