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The Conciliation and Arbitration Act 1904 , provided for the establishment of a court to discharge the seemingly limited function of preventing and settling interstate industrial disputes by means of conciliation and arbitration. In view of the emphasis on disputes, it could have been expected that interests other than those of the disputing parties would be extraneous to the exercise of the industrial power. In practice, nothing could have been further from the truth. Federal tribunals have attempted to implement wages policies as early as 1906. Somewhat surprisingly, resistance from unions has been neither widespread nor sustained. Where necessary, unions grudgingly have accommodated themselves to the requirements of wages policy.
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