Tim Ayres (NSW, Australian Labor Party, Assistant Minister for Trade) Share this | Hansard source

What they didn't like was the confidence with which we approach these issues. From red tape to red carpet—that's what it is all going to be about. It's good regulation that achieves its objective like this in financial services reform, environmental reform, law reform or—wait for it—industrial relations reform in the interests of workers and business, actually protecting and defending good businesses and closing loopholes. The that this piece of legislation in financial services and the government's agenda in industrial relations reform have in common can be encapsulated in two words: 'closing loopholes'.