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Rudd's 5-point plan misses the mark on industrial relations.



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Mon, 21st January 2008 RUDD'S 5-POINT PLAN MISSES THE MARK ON INDUSTRIAL RELATIONS

Michael Keenan MP Shadow Assistant Treasurer, Superannuation and Corporate Governance

Shadow Assistant Treasurer and Shadow Minister for Superannuation and Corporate Governance, Michael Keenan MP, today slammed Prime Minister Kevin Rudd's attempt to combat the threat of inflation.

Speaking on the PM's address this morning at a business breakfast in Perth, Mr Keenan said Mr Rudd's 5-point plan failed to address the one issue that Western Australian business is most concerned about - rolling back industrial relations reform.

These reforms have been widely recognised in Western Australia as making a significant contribution to the state's current prosperity - by giving business and workers more flexibility, and by curbing the negative impact of union militancy.

Western Australian business has made it clear to the Labor Party that rolling back flexible arrangements will damage the mining and construction industries in particular.

A flexible labour market has also been identified by the Reserve Bank as one of the policy settings putting downward pressure on inflation.

It is especially crucial in WA as wages have risen sharply in booming sectors such as the mining industry.

Kevin Rudd's first speech for 2008 was typically long on rhetoric and short on detail.

Australia needs more than spin to control inflation and the Western Australian economy needs a flexible labour market to continue to thrive.