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"This just shows the extent of Labor's economic incompetence." Jimmy Choo Shoes National chief executive Lance Hockridge said the government would now take a back seat, with staff running the business "for all the owners". He said the company would report its inaugural half-year result in February. "We Yves Saint Laurent Shoes currently tracking well on our tonnage and profit forecasts year to date, and look forward to reporting to the market in February," he said. Chairman John Prescott said the company would "build on a solid platform" and work hard to deliver its commitments to shareholders. "Christian Louboutin Pumps well-positioned to capitalise on the booming resources sector, strongly leveraged to India and China, and a recovering Australian economy," he said. The former wholly government-owned rail freight company listed on the ASX at 1200 AEDT, following Vibram Five Fingers Bikila second-largest initial public offering that raised $4.6 billion. The QR National IPO price was at the lower end of the government's target range of $2.50 to $3. The Queensland government retains about 34 per cent of the company. Labor members have begun jockeying for a seat on the party's powerful national policy committee. The nine-member committee will play a key role in drafting the ALP's national platform - a guiding document for the federal government - which will go to the national conference in December next year.