History of Australia since 1945 Fraser, Hawke re-established a new, universal system of health insurance called Medicare. Hawke and Keating abandoned traditional Labor support for tariffs to protect industry and jobs. They moved to deregulate Australia's financial system and ‘floated’ the Australian dollar. An agreement was reached with trade unions to moderate wage demands and accept more flexible working condition arrangements by accepting tax cuts in return. Ultimately, many of the reforms, continued by successive governments, appear to have been successful in pushing the economy along. The Australian Bicentenary was celebrated in 1988 along with the opening of a new Parliament House in Canberra. The
1988 French motorcycle Grand Prix a wheelie until after crossing the line and celebrated on the cool down lap for gaining an unexpected podium finish. Wayne Gardner, back in the form that has seen him win the World Championship in 1987, had the consolation of setting the races fastest lap. 1988 was the final time that the French motorcycle Grand Prix would be held on the full length 5.81 km (3.61 mi) Paul Ricard circuit. When Grand Prix racing next returned to the circuit in 1991, the 3.812 km (2.369 mi) 'Club' circuit was used. 1988 French motorcycle Grand Prix The 1988 French motorcycle Grand