At a gala dinner at the ACTU Congress last night, former Prime Minister Paul Keating paid tribute to former ACTU secretary Bill Kelty.
IT WAS the Paul and Bill show, together again after all those years.
At a gala dinner at the ACTU Congress last night, former Prime Minister Paul Keating paid tribute to former ACTU secretary Bill Kelty.
Mr Kelty, secretary of the ACTU from 1983 to 2000, was "Australia's most exceptional trade unionist", Mr Keating said.
Lesser union leaders would not have acknowledged the economic problems Australia faced in the 1980s, Mr Keating said.
"A lesser ACTU secretary," Mr Keating said, "would have gone for the smother and hung on to the old system like a familiar old blanket".
Without Kelty, he said, Australia would not have a national superannuation scheme.
Nor would Australia have an enterprise bargaining system that had allowed the economy the flexibility and resilience to see the country through turbulent financial times.
Among the crowd of 1000 union members and delegates was another Labor hero, former Prime Minister Bob Hawke.
Mr Kelty had spotted the huge structural defects in the Australian economy in the 1970s, Mr Keating said.
He saw, Mr Keating said, tariffs that asked Australians "to pay much more than they should have paid for their shoes, their shirts, and the things of life - while promoting industrial sloth".
Instead, Mr Kelty had worked with the Hawke and Keating governments, and knocked inflation on the head.
"Few would realise that at the heart of the anti-inflation constituency was Bill Kelty - not some corporate wiz or a Business Council supremo," Mr Keating said. "They wouldn't have a clue how to break the back of inflation."
But Mr Kelty knew inflation "put the biggest monkey on working peoples' backs as it tore away at their savings and their income and saddled them up with larger mortgages", Mr Keating said.
Mr Keating struck out at the Labor Party of the late 1990s, who he said had "forfeited Labor's ownership of [economic achievement]".
Mr Kelty said today was a testing time for the labour movement and unions, and launched a spirited defence of the Gillard government, lauding the National Disability Insurance Scheme and the National broadband Network as among its greatest achievements.
He said Australia was dramatically restructuring as radically as it had in the 1980s.
And he said there was a role the labour movement could play again, as it had in the 1980s. "We took the cuts, and we took the pains and we argued that this country would be better off in the future," Mr Kelty said.
Frequently Asked Questions about this Article…
Who is Bill Kelty and why was Paul Keating paying tribute to him?
Bill Kelty was secretary of the ACTU from 1983 to 2000. At a gala dinner during the ACTU Congress, former prime minister Paul Keating paid tribute to Kelty, calling him "Australia's most exceptional trade unionist" for his leadership and contributions to national economic reform.
What role did Bill Kelty play in creating Australia's national superannuation scheme?
According to Paul Keating, without Bill Kelty Australia would not have a national superannuation scheme. Kelty worked collaboratively with the Hawke and Keating governments to help establish the national superannuation system that underpins retirement savings for many Australians.
How did Bill Kelty contribute to enterprise bargaining and economic flexibility?
Keating credited Kelty with helping to create an enterprise bargaining system that gave the economy more flexibility and resilience. That system allowed workplaces and the wider economy to better adjust during turbulent financial periods, a change Kelty supported while working with government leaders.
Why was Kelty important in the fight against inflation and why does that matter for everyday investors?
Keating said Kelty helped 'knock inflation on the head' by being at the heart of the anti‑inflation constituency alongside the Hawke and Keating governments. For everyday investors, lower and stable inflation protects the value of savings and income, reduces pressure on mortgages, and generally supports a more predictable investment environment.
What economic problems in the 1970s did Kelty identify, and how did that affect policy?
Keating said Kelty had spotted structural defects in the Australian economy in the 1970s, including protective tariffs that raised prices and promoted industrial complacency. Kelty’s recognition of these issues helped shape reformist policies that opened up the economy and tackled inefficiencies.
What did Bill Kelty say about the role of the labour movement today and its relevance to economic reform?
Kelty described the current time as a testing period for the labour movement and unions but argued they could again play the role they did in the 1980s — accepting difficult reforms and arguing those changes would benefit the country in the future. For investors, that suggests labour policy and union engagement remain important drivers of economic and workplace change.
How did Bill Kelty view the Gillard government’s achievements?
Kelty launched a spirited defence of the Gillard government, praising the National Disability Insurance Scheme (NDIS) and the National Broadband Network (NBN) as among its greatest achievements.
Who attended the ACTU gala dinner and why is that significant for people tracking economic policy?
About 1,000 union members and delegates attended the gala dinner, and former prime minister Bob Hawke was also present. The gathering — and tributes from figures like Keating — highlights the long‑running influence of union leaders in shaping major economic policies that affect retirement savings, wages and structural reform.