Budget warning: more rent-seeking won’t create ‘jobs and growth’

Josh Frydenberg has a mammoth task delivering October's budget. How he manages the desires of big business will be a huge test.

I have no doubt there are plenty of anachronistic, pettifogging, cumbersome provisions of industrial relations law that both sides could readily agree to remove. But I doubt that’s what the employers are seeking. They want their quid without any quo. Equally, I don’t doubt that much could be done to minimise the time-wasting involved in the regulation of business, without compromising other public policy goals. But too often removing “green tape” is code for sacrificing long-term protection of our environmental assets in favour of letting a few developers temporarily create a few hundred jobs while they build some highly automated mining project.

Budget warning: more rent-seeking won’t create ‘jobs and growth’