Senator BRANDIS (Queensland—Deputy Leader of the Government in the Senate, Vice-President of the Executive Council, Minister for Arts and Attorney-General) (14:49): Senator Bullock, you must have different figures from mine. I am advised that growth over the past year was 2.3 per cent, which is up from 1.9 per cent in the last year of the Labor government. I know you asked me to disregard quarterly figures but I think that is a little unrealistic when we have the most recent quarterly figures available to us. The most recent quarterly growth rate in Australia is 0.9 per cent— Senator Bullock: Mr President, on a point of order: my question was not to compare March 2015 with the last year of the Labor government. My question was to compare the year to March 2015 with the year to March 2014. The PRESIDENT: I remind the minister of the question. He has one minute and 25 seconds in which to answer. Senator BRANDIS: Last year it was 2.3 per cent. The year before, under the Labor government, it was 1.9 per cent. The most recent figure we have, for the last quarter, is that this year it was 0.9 per cent in the first quarter of the year. As an annualised rate that would be 3.6 per cent. As my colleague Senator Cormann reminds me, that means that Australia is among the fastest-growing industrial economies in the world.