Here in Australia we do get impacted by global economic events. But we should have some confidence that our economy has got strong underlying fundamentals.

If we change the way the electricity sector operates, we can bring down our levels of carbon pollution, and continue the crucial task of tackling climate change. Putting a price on carbon would do this.

Over the Christmas period, I spent time with both Bob Hawke and Paul Keating, and you listen to stories and tales of how hard it can be when it's really hard, and I think we easily all talk ourselves into the proposition that it's never been as hard as this. Well it's been hard in the past. It's been really hard. So you keep doing it and, the more you do it, the more you gain strength and confidence that you can do it.

Our future growth relies on competitiveness and innovation, skills and productivity... and these in turn rely on the education of our people.

At the end of the day government is about teamwork and partnership and we will be proving that by working together.

I'm on the record as saying things like I think it's important for people to understand their Bible stories, not because I'm an advocate of religion - clearly, I'm not - but once again, what comes from the Bible has formed such an important part of our culture.

Any sort of political correctness needs to be swept out of the way