Business wants carbon tax repealed:Hockey

FEDERAL Treasurer Joe Hockey says business wants the shackles of the carbon tax removed and again urged the Labor opposition to support its repeal.

Four key business groups have called on senators to swiftly repeal the carbon tax. The legislation remains stuck in the upper house.

The Australian Chamber of Commerce and Industry, Australian Industry Group, Business Council of Australia and Minerals Council of Australia on Wednesday released a joint statement urging the Senate to pass the Abbott government's package of bills.

Mr Hockey told parliament the latest national accounts showed the economy still growing at a sub-trend pace of 2.8 per cent.

He said the economy needs to grow at a faster pace to get the unemployment rate down by removing shackles on business.

"Business is saying you should support the repeal of the carbon tax," he told parliament, pointing at the opposition benches.

"That is one way you can immediately lift the speed of Australia's economic growth."

The business groups said the carbon tax was making key industries less competitive every day it remained in place.

"Most businesses have been unable to pass their carbon tax-related costs on to customers," the groups' chief executives said.

"For small business especially, this has been a major burden that has reduced profitability, suppressed employment and added to already difficult conditions."

The chiefs said both Labor and the coalition had gone to the 2013 election pledging to "terminate" the carbon tax.

While they acknowledged crossbench senators taking their seats in July had pledged to back the repeal, acting immediately would boost business confidence and cut power bills.

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