A one-stop-shop for environmental approval for major construction projects in Australia would be created under a plan the Coalition says would see both the carbon tax and the resource rent tax scrapped and would slash $1 billion from business regulation costs annually.

Announcing the plan on Monday, the Coalition says it will also set aside specific parliamentary days to focus solely on legislation regarding red tape and green tape reduction and would tie the remuneration of senior public servants to reductions in business administration costs and procedures relating to approval processes and…