Malcolm Turnbull has warned of a faltering economy if the government changes on July 2.
The prime minister told a business forum in Sydney on Friday the "citizens of the lucky country", now more than ever, had to make their own luck.
"If we were to falter in our strong and disciplined approach to transitioning our economy there is a very real risk of our falling off the back of the pack of the world's leading economies," Mr Turnbull told the Menzies Research Centre.
Mr Turnbull ridiculed former prime minister Kevin Rudd's "2020 vision", which he said led to a structural budget deficit and a loss of confidence.
"Much like Kevin Rudd, now Bill Shorten wants to take us on a flight of fantasy to 2026 - same old Labor, Australians will not be taken for fools," Mr Turnbull said.
He said Labor was forecasting higher deficits over the next four years "after taxing the life out of the economy".
"That is the plain truth from which they cannot hide," Mr Turnbull said.
With pre-poll voting due to start on Tuesday, Mr Turnbull warned of the potential for a hung parliament and a chaotic Senate.
"Just a few thousand votes across a handful of seats will decide if the Greens and independents will be once again calling the shots in a Shorten-Greens minority government," he said.
"Now is not the time for a protest vote or a wasted vote.
"It is time to use your vote in support of a strong economic plan - and to prevent a hung parliament that would bring government and our economic transition to a grinding halt, costing jobs and your future."
