The 50th New Zealand Parliament was elected at the 2011 general election. It had 121 members (120 seats plus one overhang seat), and was in place from December 2011 until September 2014, followed by the 2014 general election. The first sitting of the 50th Parliament was held on 20 December 2011, where members were sworn in and Lockwood Smith was elected Speaker of the House. This was followed by the speech from the throne on 21 December. John Key continued to lead the Fifth National Government. Following the resignation of Smith, David Carter was elected Speaker.