Yes.
On another note, the current government has taken every opportunity to move away from innovation. Just a few things they have done is deny climate change, abandoning the national broadband network and allow a giant coal mine to be dug in the middle of prime farming land. Meta Data retention, Citizen stripping legislation (its a privilege not a right!); and more.
The next election can not come fast enough for us. But the real cost is the damage this general trend does for research. Scientists don't look at Australia for opportunity anymore, they just leave.