This really could not be better said. From The Australian

In a separate development yesterday, the Coalition’s workplace relations spokesman, Eric Abetz, pledged that an Abbott government would not introduce any legislative changes to the operation of penalty rates, a move that was also aimed at negating Labor and union claims that the pay of workers would be cut by the Coalition.

Senator Abetz said penalty rates would remain the ‘province of the independent umpire, the Fair Work Commission’.

If they use the Commission properly and restructure the law there is little more than could be asked and there is little more they need to do. The Fair Work Act has been a disaster and needs to go but it has to be gotten rid of with a great deal of care and good sense. But they need to leave the Fair Work Commission in place. I am encouraged that this really could become one of the great reforming governments of Australian history.