House debates

Monday, 2 March 2015

Bills

Australian Securities and Investments Commission Amendment (Corporations and Markets Advisory Committee Abolition) Bill 2014; Second Reading

12:11 pm

Photo of Bernie RipollBernie Ripoll (Oxley, Australian Labor Party, Shadow Minister Assisting the Leader for Small Business) Share this | Hansard source

They might do. They might find it quite interesting, Mr Deputy Speaker, thank you. I remember just before the election that the Prime Minister made a very specific promise. He promised a million new jobs. I might not be great at mathematics, but a million new jobs would be a million more, and that would mean that the unemployment rate would have to come down. I think that is simple maths. But, the unemployment rate has only gone up, and is now 6.4 per cent—a terrible figure. So, I had to look it up. I wondered when we last had an unemployment rate that high. It was in 1992. Guess who was the industrial relations minister and the minister for employment in 1992?

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