Business has reacted with alarm to the deal between Labor and the Greens, saying the move could result in unsustainable policies on climate change and other fields including tax and workplace relations.
The Australian Financial Review reports that many business representatives are concerned that the input of the Greens into climate change policy through the new cross-party committee has not been explained in the written agreement.
Australian Industry Group chief executive Heather Ridout said the move could result in the adoption of Greens policies that "would damage the competitiveness of industry" and the loss of protection for trade- exposed industries. She warned against the Greens' policies on workplace relations being considered by Labor, saying "any reregulation of the labour market would only be damaging to jobs and investment".
Australian Chamber of Commerce and Industry chief executive Peter Anderson said he was relieved that the deal did not adopt "some of the more concerning economic aspects of the Greens' platform". He said there was now an onus on the Greens to show they could be "more realistic than their platform suggests in the exercise of the balance of power".