Senator CORMANN (Western Australia—Minister for Finance, Vice-President of the Executive Council and Leader of the Government in the Senate) (14:43): We have been and we continue to be committed to making it easier to do business in Australia so that more successful businesses across Australia can hire more Australians and pay them even better wages over time. We are committed to reducing red tape and unnecessary regulation, to reduce the costs of doing business, making it easier for business to invest, create jobs and grow the economy. Assistant Minister Morton is leading the work across government to take a new approach to regulatory reform by tackling a range of barriers to investment in key industries and activities, with the aim of boosting efficiency, productivity and job creation, in addition to continuing the work the government has done in removing unnecessary red tape. This will look at the issue from the perspective of businesses standing on the factory floor, to experience regulatory burden firsthand, and he's inviting the states and territories to participate. This is not about simply cutting regulations; it's about systemicly tackling the costs of regulatory compliance and processing and removing disincentives to invest and innovate, particularly for new entrants. The government has a rock-solid track record— (Time expired)