QUESTIONS WITHOUT NOTICE

Ms SPENDER (Wentworth) (14:44): My question is for the Treasurer. Australian real wages have fallen by five per cent since March 2021. The only sustainable antidote is productivity growth, and business and economists agree that deregulation is central to that.

I welcome budget measures to address regulatory constraints, but we need more, and the budget didn't curb what the PC calls Australia's 'red tape impulse'. Will the government act to reset incentives around regulation with something like a regulatory review committee with similar importance to the ERC, hard targets to departments to offset new regulations with deregulation, or a minister for better regulation?