Mr TURNBULL (Wentworth—Prime Minister) ( 14:54 ): I assume the honourable member would take the view that if the government did not move to legislate to fix interest rates following a Reserve Bank decision that meant that we agreed with the Reserve Bank's decision on monetary policy. The honourable member's attempt to make some facile point about the Fair Work Commission does not do either him or this House justice. He knows very well that this is a complex issue—the determination of the conditions of modern awards and the review of modern awards. It was a government of his party, a Labor government, that gave that task to the Fair Work Commission. It was worked through assiduously and carefully. Arguments were made by unions and by employers. Thousands of pages of evidence were considered. A decision was arrived at which we respect. The honourable member is a member of the party that claimed to support the independent umpire in determining wages and conditions but now wants to throw it over in a manner that his leader said would be extraordinarily dangerous to do only last year. There has been a complete and utter backflip undertaken by the Labor Party on this. This is rank populism. They have failed to take into account a longstanding tradition and commitment of the Labor Party of supporting the independent umpire. We support the independent umpire and so should honourable members opposite.