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Labor Right
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== Political views == The faction is most famous for its support of [[Third Way]] policies such as the [[economic rationalism|economic rationalist]] policies of the [[Bob Hawke]] and [[Paul Keating]] governments, including [[Floating currency|floating]] the [[Australian Dollar|Australian dollar]] in December 1983, reductions in trade [[tariff]]s, taxation reforms such as the introduction of [[dividend imputation]] to eliminate double-taxation of dividends and the lowering of the top marginal income tax rate from 60% in 1983 to 47% in 1996, changing from centralised wage-fixing to [[Enterprise Bargaining Agreement|enterprise bargaining]], the privatisation of [[Qantas]] and [[Commonwealth Bank]], making the [[Reserve Bank of Australia]] independent, and deregulating the banking system.<ref>{{Cite journal |last=Black |first=Susan |last2=Kirkwood |first2=Joshua |last3=Rai |first3=Alan |last4=Williams |first4=Thomas |date=2012 |title=1980s to Today: Deregulation and Capital Account Liberalisation {{!}} RDP 2012-09: A History of Australian Corporate Bonds |url=https://www.rba.gov.au/publications/rdp/2012/2012-09/dereg-capital-acct-liberalisation.html |journal=Research Discussion Papers |language=en-au |issue=December}}</ref> Alongside these economic reforms, Labor Right also supported more traditional social democratic policies, such as the introduction of [[Medicare (Australia)|Medicare]]<ref>{{Cite news |date=2019-05-18 |title=What did Australia have before Medicare? 'A ramshackle system' |url=https://www.abc.net.au/news/2019-05-18/bob-hawke-what-did-australia-have-before-medicare/11124180 |access-date=2025-05-25 |work=ABC News |language=en-AU}}</ref> under Bob Hawke in 1984 and [[Superannuation in Australia|compulsory superannuation]] under Paul Keating in 1992. The faction also supported significant socially progressive policies, including the [[Franklin Dam controversy|blocking of the Franklin River Dam construction]]<ref>{{Cite web |last=corporateName=National Museum of Australia; address=Lawson Crescent |first=Acton Peninsula |title=National Museum of Australia - Franklin Dam and the Greens |url=https://www.nma.gov.au/defining-moments/resources/franklin-dam-greens |access-date=2025-05-25 |website=www.nma.gov.au |language=en}}</ref> and the passage of the [[Native Title Act 1993|Native Title Act]]<ref>{{Cite web |date=2023-12-21 |title=Thirty years ago the Native Title Act was passed. But what is it, how does it work and is it enough? |url=https://www.sbs.com.au/nitv/article/thirty-years-ago-the-native-title-act-passed-how-far-have-we-come/php3so2kz |access-date=2025-05-25 |website=NITV |language=en}}</ref> in 1993 following the [[Mabo v Queensland (No 2)|High Court's Mabo decision]].
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