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
Bicentenary Medal of the Royal Society of Arts years earlier, and has been awarded to a variety of individuals for their outstanding contributions to the advancement of design in industry and society. In the RSA's current account of design, that contribution is interpreted as the most effective use of design to increase the resourcefulness of people and communities. Bicentenary Medal of the Royal Society of Arts The Bicentenary Medal of the Royal Society of Arts is awarded to "a person who, in a manner other than as an industrial designer, has applied art and design in great effect as instruments of civic innovation", as long as the winner