The Qantas industrial dispute made headlines around the world, ater the airline took the drastic step in October 2011 of grounding its leet ahead of a proposed lockout of a large proportion of its workforce. Essentially a contest between job security and employment lexibility, the dispute was one of the most signiicant in Australia for some time. his article examines the origins and circumstances of the Qantas dispute and the issues it highlighted as to the operation of key aspects of the Fair Work Act 2009 (Cth). We conclude that, particularly in light of the federal industrial tribunal's endorsement of the airline's strategy and support for the concept of 'managerial prerogative', the dispute may have long-term implications for workplace regulation in Australia.