QUESTIONS WITHOUT NOTICE

Ms SPENDER (Wentworth) (14:57): My question is to the Treasurer. Many people in the business community and at the economic reform roundtable have asked for regulation that better enables growth as well as manages risk. But any permanent consolidation of red tape is hard when the incentives for regulators and, frankly, politicians is for just to add more and more complexity.

How can the government permanently shift incentives to reduce regulatory complexity, and will you set targets for reductions in regulatory complexity?