By 2050, the Australian population is expected to grow from 22 million to 36 million. That increase alone will put huge pressure on our towns and our cities. We will need more homes, more roads, more rail lines, more hospitals, more schools, just to accommodate so many Australians.

Something my mum taught me years and years and years ago, is life's just too short to carry around a great bucket-load of anger and resentment and bitterness and hatreds and all that sort of stuff.

Australia is a nation of compassion. Courage and compassion. And the third of these great values: resilience.

These are important reforms. Infrastructure, education, health, hospitals, closing the gap with indigenous Australians. Also the Apology to the first Australians. As Prime Minister of the country I am proud of each and every one of these achievements.

But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.

I deeply believe that if the Australian Labor Party, a party of which I have been a proud member for more than 30 years, is to have the best future for our nation, then it must change fundamentally its culture and to end the power of faceless men. Australia must be governed by the people, not by the factions.

There comes a time in the history of nations when their peoples must become fully reconciled to their past if they are to go forward with confidence to embrace their future.

Because the time has come, well and truly come, for all peoples of our great country, for all citizens of our great commonwealth, for all Australians - those who are indigenous and those who are not - to come together to reconcile and together build a new future for our nation.

But Australia faces additional regional and global challenges also crucial to our nation's future - climate change, questions of energy and food security, the rise of China and the rise of India. And we need a strong system of global and regional relationships and institutions to underpin stability.

The Australian Government's decision to take on the dominant funding role for the entire public hospital system is designed to: end the blame game eliminate waste and to shoulder the funding burden of the rapidly rising health costs of the future.