PRIME Minister Tony Abbott plans to light the nation's "biggest bonfire of regulations" on Wednesday with a promised $1 billion cull of red tape.
The government intends getting rid of 10,000 redundant acts of parliament and regulations, putting it about three-quarters of the way to meeting the $1 billion target.
"This is essential if we are to get our competitiveness and our productivity up," Mr Abbott told parliament on Tuesday.
Bills will be introduced to parliament on Wednesday with the expectation of passing the lower house the following week.
Labor and the Greens fear that some of the changes will adversely impact on families, business and the environment.
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