00:01An apology for a failed policy
00:04For not acting sooner, I apologise
00:06That came with a hefty price tag
00:09I'm taking responsibility, I'm saying I should have acted sooner
00:13I could not agree with him more, he should have acted earlier
00:16He has a lot more than an apology to issue today
00:19The opposition leader fronting up after a scathing interim report from the CFMEU inquiry
00:25It found Labour's Best Industry Practice Conditions, or BPIC
00:30Which sets pay and condition deals for workers on government projects
00:34Blew out the cost of major bills by 20%
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