Senator NASH (New South Wales—Deputy Leader of The Nationals, Minister for Regional Development, Minister for Local Government and Territories and Minister for Regional Communications) (14:51): I am indeed aware of many alternative approaches to regional development as well as the many, many failed approaches that we have seen in the past from the Labor government. Senators opposite involved in the Labor Party played a big role in delivering terrible policy outcomes. The biggest failure, of course, was the carbon tax, that hit regional Australia harder than anywhere else, pushing up power prices. Senator O'Sullivan: What about the live cattle job? Senator NASH: What about the live export cattle ban, which saw our northern beef industry brought to its knees by the Labor Party in government? It was absolute callousness and a disregard for those people in the north and indeed right across country as a result of that stupid and failed decision by the Labor Party. Finally—and I know I have often mentioned it before, Mr President, but I will keep mentioning it—the hundreds of millions of dollars wasted by the former water minister, the now Leader of the Opposition in the Senate, buying water that did not ever exist—for a water policy!