Editing Incomes policy (section)

===Australia===
Australia implemented an incomes policy, called the [[Prices and Incomes Accord]] during the 1980s. The Accord was an agreement between trade unions and the [[Bob Hawke|Hawke]] [[Australian Labor Party|Labor]] government. Employers were not party to the Accord. Unions agreed to restrict wage demands, and the government pledged action to minimise inflation and price rises. The government was also to act on the social wage. At its broadest, this concept included increased spending on education as well as welfare. Inflation declined during the period of the Accord, which was renegotiated several times; however, many of the key elements of the Accord were weakened over time, as unions sought a shift from centralised wage fixation to [[enterprise bargaining]]. The Accord ceased to play a major role after the recession of 1989–1992, and was abandoned after the Labor government was defeated in 1996.