Let's just imagine there was an election tomorrow, and the labor/green alliance won.

First, let's also assume Shorten is gone and labor have their best person at the helm.

Now, this is a question for all those who either support labor/greens, or, they oppose the Abbott government.

So, what would you change, how would you change it, and most importantly, where would you get the money from too change it.

Butch your assumptions are unfounded, answered your own question again.
Lets get rid of knights and dames before it goes any further. This is au and it's 2014.

Shorten is gone and labor have their best person at the helm.
rehctub,
Who'd fit that then ? Best is not always good as Rudd & Gillard have proven beyond any doubt.
The ALP has a long way to go before it can climb up to the low standard that the Coalition are at now.
Australia has no-one who could be called a Statesman now. Neither have other countries.

Butch,
You have too much unfilled time on your hands.

Butch, firstly I don't see your 'hypothetical' eventuating for quite some years, irrespective of how poorly Tony Abbott does - since he is definitely between a rock and a hard place, courtesy of 'innovations' implemented via 6 years of Labor/Green social experimentation, and a reasonable portion of the electorate are not going to forget that 'history' any time soon.

Now, why would you restrict the possible responses to your posed nightmare scenario by your included stipulation?:

>Now, this is a question for all those who either support labor/greens, or, they oppose the Abbott government.<

Your best possible responses would most likely come from Coalition supporters - since Lab/Green supporters are most likely to say "yahoo, let's get on with more experimentation".
(And of course, the Greens are now largely out of favour with Labor anyway.)

Would Labor overhaul Fair Work Australia?
Or crack down on Union thuggery and rorting?
Or act to put a dampener on increases in wages and prices?
Or reintroduce a Building and Construction Commission?
Or put some reasonable limits on the NDIS, NBN or Gonski?
Do anything to rein-in national debt?
Do anything about limiting foreign ownership/purchase of significant national natural/environmental/agricultural resources?
Do anything to reserve a portion of our energy resources (principally LNG) for the nation's future - and possibly limit increases in the price of domestic LNG supplies?
Or limit electricity price increases?
Or re-evaluate the pursuit of coal seam gas extraction (fracking)?
Or shelve any moves to introduce Carbon Trading (ETS)?
Or wind back and totally reassess the Carbon Tax Scheme?
Or maintain effective border control, and maintain reasonable limits and selectivity on immigration, and get rid of offshore detention by repatriating non-refugees to their home countries' refugee centres (or to any other country willing to reassess their status)?
Or in fact be relied upon to do anything sensible at all??

As for a replacement for Shorten, how about Anthony Albanese?

Of course, Tony Abbott should re-think his Parental Leave revision - by including a reasonable 'cap' and an assets test - or he may just hasten the transition to your 'nightmare'.

Yes I can see another 50,000 plus welfare for lifers being let in because the Labor fools would have to pander to the Greens.

Labor only tried to stop them last time because they knew it was an election loosing policy if they did nothing.