Josh Frydenberg (Kooyong, Liberal Party, Parliamentary Secretary to the Prime Minister) Share this | Hansard source

Many millions of dollars. What the opposition does not like to hear is that we are still very much committed to our FOFA legislation. It was introduced last week. Our overall deregulatory effort is $720 million. From the document we have put forward you know that there is a $13 million saving attached to the omnibus bill. You also know that in the bills that we are discussing today we are getting rid of more than 1,000 redundant acts. The opposition also know that our $720 million figure has been verified in a public document based on costings by the Office of Best Practice Regulation, as well as by independent departments. This is across a whole range of measures which have significantly reduced the amount of duplication that exists in the regulatory framework that is currently in place. As well as dealing with the duplication of NOPSEMA and the duplication in terms of one-stop shops, I remind the House that we have introduced another piece of legislation that is extremely important in our deregulation framework. That is to open up the Comcare scheme to ensure that companies—

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