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
Otley events are held at the Woolpack Music Studios -- home to the world famous Otley Ukulele Orchestra. Otley hosts the annual Otley Folk Festival in September, a Victorian Fayre in December, a carnival in June, and, in May, what is reputed to be the oldest one day agricultural show in the country. This celebrated its bicentenary in 2009. There is a beer festival, organised by the church, in November. Otley has four Scout troops, Otley Parish, Otley Bridge, 2nd Otley, and Otley Methodist Scouts. An Army Cadet Force detachment is also located in the town. In January 2013 "The Guardian"