Tackle the crime first and create a platform for investment.

From the information I have received, it was an adult crime,

Australia needs a level playing field in terms of investment and innovation ... so that broadband penetration and digital penetration generally can catch up with the rest of the world.

I look at my forecast and, frankly, I was off by $180 million on their investment-banking side. M&A did extremely well.

Today's package actually tells players to put away any major investment plans and rely on regulation instead.

It's a terrific move. It creates two businesses, each focused on their own area, and two investment vehicles that are more closely aligned with the kind of performance that investors are looking for.