I think the Australian people are very conscientious. During the 1980s and 1990s we proved they will respond conscientiously to necessary reforms. They mightn't like them but they'll accept them. But reforms have to be presented in a digestible format.

The United States being in Asia is unambiguously a good thing for the region.

Nobody wants to have in their CV in the upper echelons of the American economic family that they nationalised major banks.

The lesson of the Federation should be that the lesson is over. Australia must have a new idea of itself. We have to strike out in a new direction, in a new way, armed with our own self-regard, our own confidence and fully appreciating our own uniqueness. All other roads will lead us into the shadow of great powers.

We took the traditional lands and smashed the traditional way of life. We brought the diseases and the alcohol. We committed the murders. We took the children from their mothers. We practised discrimination and exclusion. It was our ignorance and our prejudice. And our failure to imagine that these things could be done to us.

The Labor Party is not going to profit from having these proven unsuccessful people around who are frightened of their own shadow and won't get out of bed in the morning unless they've had a focus group report to tell them which side of bed to get out.

I think the rise of China is one of the great events of all economic and human history, and I think this will be overwhelmingly a positive thing for the region and the world.