Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

Yes, a Warsaw-Pact-style statement. A report from McKinsey Global Institute—a front for the Warsaw Pact—in May 2011, estimated that, for every job lost due to the internet, 2.6 jobs are created. That is not to suggest for a moment that anyone has no feelings towards the 1,900 workers who will lose their jobs over the next few years, because that is a concern. But, as the McKinsey Global Institute report suggests, our economy is growing and opening up in other areas.

I was asked about the Convergence Review. We are giving consideration to all of the issues recommended by the Convergence Review. We will finalise those and bring them forward as we have indicated. Are we accelerating it due to today's announcement? I do not foresee that. (Time expired)