Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The government's efforts to further reform our competition laws are of course part of a broader plan to deliver stronger growth and more jobs. They are part of the efforts of the government to create an environment in which business can grow and be more successful and drive stronger economic growth into the future. On this side of the parliament, we understand that, for Australia to be the most successful we can be, we need individual Australians and individual Australian businesses to be the most successful they can be. That is why we have cut more than $2 billion in red tape per annum out of the business costs that Australian businesses faced under the previous administration. That is why we got rid of bad taxes like the mining tax and the carbon tax. That is why we reduced company taxes for small business. That is why we are helping exporting businesses in Australia to be more successful in accessing key overseas markets like China, Korea and Japan, through significant free trade agreements, and of course we are pursuing further opportunities around the world. (Time expired)