At the same time, these factors have prompted significant structural change which, while difficult, is critical to achieving higher overall productivity and higher living standards. There is clearly a lot of change going on in the Australian economy at the moment. How you view this change depends critically upon where you stand.
And these transactions add up to quite a lot - on average more than $ billion per day in the "wholesale" systems last year, and about $ billion per day in the "retail" systems. The numbers of transactions are also striking - only a little over 4,000 per day in the wholesale systems, but more than 4 million per day in the retail systems.