Business confidence is in for a boost following the repeal of the "dead weight" carbon tax, business leaders say.
Australian Chamber of Commerce and Industry (ACCI) chief executive Kate Carnell says businesses will "breathe a sigh of relief" now that the tax has gone.
"The carbon tax was a dead weight on the Australian economy and abolishing it is a win for consumers, a win for energy users and a win for business," she said on Thursday.
"Abolishing the carbon tax should help stimulate business and economic growth and help restore all-important investment confidence."
The Australian Industry Group also welcomed the repeal of the tax, but said the process had been marred by political gamesmanship.
"While we have a positive outcome, the process leading up to it was unfortunately chaotic and opaque," AiG chief executive Innes Willox said.
"We strongly urge all parties to ensure that future legislative changes can be considered in detail and consulted with business and others who are affected well before a vote."
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