Mr HOCKEY (North Sydney—The Treasurer) (14:44): I say again to the honourable member for McMahon, despite his best endeavours, the fact is there is a range of different indicators that are more positive such as business conditions. If he wants to know, in the member for McMahon's last period as Treasurer, which was only a few weeks, the forecast, for example, that the unemployment rate would rise to 6¼ per cent in a much shorter period than what has happened with us. Mr Conroy interjecting— The SPEAKER: The member for Charlton will cease interjecting and is warned. Mr HOCKEY: The ABS has released new data in relation to unemployment, which I will say a bit more about later. But I can say to the honourable member for McMahon that business conditions rose to plus-11 points in August, as the National Australia Bank noted in their release, 'The trend index of business conditions is at its highest point since 2009.' Yes, we have been hit by offshore headwinds— Opposition members interjecting— Mr HOCKEY: Well, of course, we have because— Opposition members interjecting— The SPEAKER: Members on my left will cease interjecting. Mr HOCKEY: Well, I tell you what: we are coping a hell of a lot better than when Labor was in government, and I will tell you why. The member for McMahon is complaining about a plus-1 figure on business confidence. Under the member for Lilley and the member for McMahon, it was minus 30. Let's complain about plus 1 because they delivered minus 30! Swannie, your talent has never been properly recognised. You broke every record that could be broken—every record, Swannie. You're missed! The SPEAKER: The Treasurer will refer to members by their correct titles. Mr Watts: Mr Speaker, on a point of order. Of all people in this House, the Treasurer should refer to people by their correct titles. If he wants to play that game here is going to come off second best. The SPEAKER: The member for Gellibrand will resume his seat and is warned.