Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:36): Mr Speaker, that question just demonstrated why they refused last year to adhere to the Charter of Budget Honesty. Of course, last year we found, when all of their commitments were finally examined by the Department of the Treasury and the Department of Finance and Deregulation, that there was an $11 billion hole in their savings. What they demonstrated there was gross incompetence, yet again. The member knows full well that this is an investment with a return and therefore we are perfectly entitled to account for this the way we have—and, indeed, we have accounted for it in full in the budget. It is all there for everybody to see—the nature of this investment and the size of this investment—and we do not apologise for it for one moment, because this is a critical piece of nation-building investment which will lift the productivity of our economy. It will be of particular benefit to those in regional areas. It will lower the cost of doing business. It will connect regional Australia—places like Mackay, Townsville and Gladstone—not just to the national economy but to the international economy, so there is a very strong case in economic terms for the investment that we are making. We should never forget that our investment in NBN is a very substantial microeconomic reform, a microeconomic reform that those opposite were not capable of implementing during their 12 long years of being in government and ignoring the problems. We had the guts to face up to structural separation, to make these decisions in the interests of the Australian people and to make the investments for the long term. I am not surprised you do not get it on the NBN, just like you did not get it in the middle of the global recession. The SPEAKER: Order! The Treasurer will refer his remarks through the chair. Mr SWAN: You would have let small business swing. You would have seen Australian workers out of work. You simply do not get it when it comes to just about any area of national economic policy. Mr Pyne: Mr Speaker, I raise a point of order. You have already asked the Treasurer to refer to people by their correct titles. We know that he is having a very bad day, but he should not be defying your ruling and he should return to acting as a responsible Treasurer with a steady hand, unlike so far today. The SPEAKER: Order! The Manager of Opposition Business will resume his seat. The Treasurer of course knows the requirement to refer to people by their parliamentary titles, and I remind him to refer his remarks through the chair. Mr SWAN: We have accounted for the NBN in our budget papers and in our forecasts and in our projections in the same way the previous government would have accounted for it had it been in power right now. We are using the same rules. We are using the same officials. The same people are doing the forecasting. The same people who enforced the rules on the previous government are enforcing the rules on us. For the opposition to come into this House and try and discredit those approaches, which were ones that they used in government, just shows how reckless and how irresponsible they have become. They are just demonstrating yet again that they are not capable of managing a modern economy, which requires judgment and discipline. What we are getting is a reckless rant from those opposite, having a tantrum because they are in opposition.