“We welcome the appointment of Minister Hunt to his new portfolio and look forward to working with him,” Business Council chief executive Jennifer Westacott said.

“Minister Hunt will have a critical role to play in reorienting the health system to deliver better outcomes more efficiently, so that Australia can afford high quality healthcare without higher taxes or increased debt.

“Minister Hunt has already proven himself as a highly competent, intelligent and professional minister in both the Environment and Industry, Innovation and Science portfolios.

“We look forward also to working with Minister Sinodinos as he guides the next iteration of the National Innovation and Science Agenda.

“Minister Sinodinos has demonstrated over many years his deep understanding of business issues and his willingness to engage with the business community to further the national interest.

“We look forward to Minister Sinodinos continuing Minister Hunt’s efforts to lead a positive discussion on innovation – one that is characterised by optimism and ambition, rather than fear of rapid technological, economic and social change.

“We will work constructively with Minister Sinodinos to resolve the government’s position on the R&D Tax Incentive and prevent any unintentional discrimination against particular sectors of the economy.

“We congratulate Ken Wyatt on his historic appointment to the ministry and Michael Sukkar on his appointment as an Assistant Minister,” Ms Westacott said.