Businesses are split on the Albanese government’s proposed shake-up of nature protection laws, with resources groups accusing Labor of going beyond its pre-election promises by granting a future Environmental Protection Agency powers to overturn project approvals.

Standing alongside Business Council of Australia president Tim Reed on Thursday, Environment Minister Tanya Plibersek unveiled the most wide-reaching overhaul of the nation’s habitat, flora and fauna protection laws in more than two decades.