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
Patrician Brothers' College, Fairfield Western Deanery (officially, a geographical region in South-West Sydney that comprises 16 Sydney Archdiocese parishes) with the WYD Cross and Icon for the day of 2 July 2007. The WYD Cross and Icon was hosted Patrician Brothers College, Fairfield for three hours that day for public veneration, which was attended by 5,000 people. The Patrician Brothers were established by Bishop Daniel Delany in 1808 in the Name of St Patrick and in 2008, the Patrician Brothers celebrate their 200th anniversary. The following Patrician linked schools joined in and celebrated the Patrician Bicentenary: The college has had two major bicentenary celebrations: