Mr IAN MACFARLANE (Groom—Minister for Industry) (14:24): I thank the member for Corangamite for her question. I will also comment on her extraordinary hard work in the short time that she has been the member for Corangamite. She constantly represents her electorate with vigour, with enthusiasm and with positivity because she knows as much as anyone in this House the challenges that face industry in Australia. This government recognises that it is an extraordinarily difficult time. We know that as a result of the announcement yesterday the face of industry in Australia will be changed forever. But this transition has been coming for some time and no-one on that side of the House can deny that fact. We are in a competitive market; our dollar has been high. This government, from the day it was elected, began a broad considered response to the industry needs in terms of increasing the value of its production and moving it to areas where we are competitive rather than producing a commodity in a world market where we simply are not able to compete any longer. We have set out to review the economies of both Victoria and South Australia and that process has already travelled some distance—in fact, as you know, I was in Victoria three weeks ago and in South Australia last week. We have established a $100 million growth fund to ensure that development goes on in the wake of, particularly, the closures of Holden. We have established a national competitive industry innovation agenda, led by the Prime Minister, along with the Treasurer, the Minister for Foreign Affairs and the trade minister. We do work towards transforming Australian industry but with a precise and measured approach. What we have seen from those opposite in the past, in the last six years, is chequebook diplomacy: see a problem, rip out the chequebook, throw money at it—knowing full well that there is no solution coming from any of that. The changes in industry have been going on for some time. What we need to do is make sure we address the issues that are there, not attribute blame, not lament, not say this is a catastrophe. This is a challenge, and Australians have a record of rising to that challenge. We need to use our innovation; we need to use our wit. We need to make sure we provide opportunities for the workers not only of Toyota, Holden and Ford but all Australian workers, and that we are transitioning this economy to something that is sustainable.