The 2016 election just proved that working hard is pointless. Just sit with your hand out and wait for someone to give you someone else's money. Boom times are over - Australia didn't do anything smarter bewteen 2004 and 2014, its just people wanted Australia's resources. Now they don't want them quite so much.
Australia is a Banana Republic - Bananas 10 cents/kg, Coconut 15 cents/kg. Innovation ? Expansion into Macadamias.