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But Abbott on Thursday put changes to ownership and reach rules on ice by saying they would only proceed once they had the consensus of major players.
The proposed chemical sector "Reach" rules, now before European Union potentates in Brussels, run to 1,300 pages.
Nanomaterials are not regarded as separate substances within the meaning of the current REACH rules, but as substances in a certain form.
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So you are likely to move on the reach rule before you move on ownership?
Regional media companies have been lobbying extensively around the reach rule issue.
There are some people strongly in favour of removing the reach rule.
The legislation would dump the media regulations known as the 75% reach rule and the two-out-of-three rule.
The reach rule now prevents Nine Entertainment, Seven West Media and the Ten Network from owning their regional affiliates.
The reach rule currently prevents Nine Entertainment, Seven West Media and the Ten Network from owning their regional affiliates.
"The reach rule in particular is certainly a matter of great concern to regional broadcasters as you know.
Turnbull said he was inclined to follow the recommendations of a joint parliamentary committee which examined the "reach rule" last year.
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