Is an election scheduled soon?
Not actually scheduled, that's up to Krud. Theoretically he could ask the Governor General for an election for the House anytime between 5 weeks from now and 6 months after 3 years after the present House first sat (which would be April 2011). Be he can't ask for a Senate (for half the Senate actually) until 12 months before the present Senate expires in Jun 2011.
So if he asks the GG for an election before Jun 30 2010, the GG would tell him to pound sand. Given that 5 weeks must elapse between issue of writs and the election, this means the earliest date is August 2010.
Complicating this is State elections are due in November and March and we don't like to hold simultaneous State/Federal elections (we are different from youse) ans December/January are usually ruled out as the conventional wisdom is that Australians get stroppy if asked to vote in summer, this pretty much means September to Early October this year is odds on favourite.
Does this make it clear?