Australia's populist One Nation party has surged to lead a national poll for the first time, reflecting voter dissatisfaction and a potential fracturing of the conservative political landscape.

Australia’s populist One Nation party surged past the ruling Labor party to lead a nationwide opinion poll for the first time, highlighting voter disappointment with last month’s budget and reinforcing signs of a fracturing of the conservative side of politics. One Nation’s primary vote advanced 4 percentage points to 31 per cent from a previous poll conducted ahead of the May 12 budget, while the centre-left government slipped 3 points to 28 per cent, according to a Redbridge Group/Accent...