"We congratulate Sussan Ley on her election as Australia's opposition leader," said Innes Willox, Chief Executive of the Australian Industry Group.
"A well-functioning democracy needs a strong opposition to test and challenge government policies and develop a coherent alternative policy agenda.
"We look forward to working with the new opposition, just as we look forward to working with the new ministry sworn in today to develop and implement policies that build the prosperity and productivity of all Australians in what is a challenging economic environment.
"Apart from the Covid period, this is the toughest time in over 30 years to be in business.
"The economy is growing at its slowest pace since we were last in recession in the early 1990s, productivity is flatlining, business investment is declining, we have an inefficient tax system and we need to seriously address our workforce shortages if we want to achieve key national ambitions such as housing construction, decarbonisation and productive digitalisation.
"With an increasingly volatile world, we need a serious reform agenda to be debated, developed and started to be implemented over the next three years," Mr Willox said.
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