Mr HOCKEY (North Sydney—The Treasurer) (14:35): That is a very good question. I thank the honourable member for Banks for that question. Recently, I visited Jenny's Kindergarten in Padstow with him. Ms Macklin: Very nice! Mr HOCKEY: It was very nice. They were very welcoming, I must say. The children were very happy to see us. They were certainly smiling. Opposition members interjecting— The SPEAKER: The member for Hotham is warned. Mr HOCKEY: Jenny's Kindergarten is an outstanding example of a modern childcare centre that responds to the needs of its customers. As the Prime Minister has said, the government will soon be announcing a new families package that will help to increase female workforce participation, which is one of the issues that was raised in the Intergenerational report. We need to lift female workforce participation in Australia, because if we could lift female workforce participation in Australia to the same level as that in Canada, we would increase the Australian economy in size by the equivalent of a new Newcastle coming into the Australian economy in the year. We have made a good start in terms of fixing the budget mess that was left to us. Today, Fitch Ratings agency reaffirmed our AAA rating and said: Real GDP growth is high relative to 'AAA' rated peers— so compared to other countries it is high— and has been more stable, despite reliance on commodity exports, particularly to China. Mr Conroy interjecting— The SPEAKER: The member for Charlton is warned. Mr HOCKEY: I remind the House that iron ore has been our biggest export. When we came into government iron ore prices were around $100 a tonne; today they are closer to $50 a tonne. But, because we have made a good step forward—we have already taken good steps in addressing the legacy of debt left behind by Labor—Fitch have recognised that, and they said: Fitch projects Australia's public debt burden to remain significantly lower than 'AAA' peers in the medium-term even under currently legislated policies. That is what we have done so far, but there is more to do. Of course, as we get on with the job of fixing the economic and budget mess left behind by Labor, we are endeavouring to strengthen the Australian economy, and the upcoming budget will be about building a stronger economy. I am pleased with the ACCI-Westpac survey of industrial trends released today, which recognised that in the March quarter there was an increase of two points, to 56.2. Importantly, it said: Businesses are looking to 2015 to be a better year for profits … Of course, what we know on this side of the place— Mr Dreyfus interjecting— The SPEAKER: The member for Isaacs will desist. Mr HOCKEY: is that, if you have successful businesses, you have more jobs for Australians.