Michaelia Cash (WA, Liberal Party, Minister for Women) Share this | Hansard source

I refer to the regulatory impact statement

In the regulatory impact statement, the department made a reasonable estimate, based on evidence provided by several stakeholders during the 2012 Fair Work Act review, that greenfields negotiations are lengthy and onerous. And I can refer you to page 169 of the Fair Work Act review. The regulatory impact statement itself says bringing in a three-month period—albeit I acknowledge we have extended that with the agreement of the crossbenchers to a six-month period—will save $64 million a year in costs and administration and the Office of Best Practice Regulation approved the methodology.