Prime Minister Julia Gillard has indicated that she intends to maintain harmonious relation with the Australian business community despite the recent backlash spawned by comments aired by a senior member of her government.

Ms Gillard said on Tuesday that she bent on eliminating federal regulations that hinder business growth even as her deputy, Federal Treasurer Wayne Swan, hogged the limelight lately when he accused mining billionaires of using their wealth to influence key national policies.

Swan's insights were laid out in a critical essay recently published by The Monthly.

On the same day that his boss opened the door for a likely dialogue with business leaders, Swan followed through on his earlier comments and insisted that magnates "trying to skew national public policies and dress their own self-interest up as the national interest,"

He had earlier claimed that billionaires like Andrew Forrest, Clive Palmer and Gina Rinehart were obviously protecting their 'vested interests' by launching stringent campaigns against federal initiative such as the controversial mining tax and carbon pricing scheme.

However, while not necessarily reining in Swan, Ms Gillard said this week that she's all ears on whatever the business community feels to sound off with the government once the Business Advisory Forum and the Council of Australian Governments (COAG) convene next month.

The back-to-back meets on April 12 and 13, which will be attended by major business leaders and government officials, are expected to discuss measures that would further bolster the functions of business with minimal federal intervention.

Business leaders, media reports said, would want to see the reconciliation of conflicting business regulations between state and federal authorities, which they feel prevents the smooth flow of business activities.

COAG has informed the government that at least 27 red tapes block effective business operations and must be dealt with by Ms Gillard soon, though 16 of them have been done away with.

In a recent assessment, as reported by the Australian Associated Press (AAP), the Productivity Commission said that 17 more regulations need reconfiguration for businesses to save some $4 billion and for the national economy to generate additional $6 billion in revenues.

Ms Gillard said she will support efforts to curb federal regulation to spur more economic growth.

"Excessive regulation lowers business costs and hinders productivity," the Prime Minister was reported by AAP as saying on Tuesday.

And if ever there exists a fissure between the government and Australia's business community, Ms Gillard is optimistic that the upcoming forum will give each side a chance to be heard.

"We've had a productive relationship with the business community ... (but) we've got different obligations and different perspectives," Ms Gillard said.

Business Council of Australia (BCA) president Tony Shepherd confirmed that businessmen have "a very robust, good working relationship," with the Labor-led government.

The April forum, he added, should serve as a step forward for the government and business community as "the different rules and regulations in our nine different state and territory jurisdictions are a major drag on our economy and a huge cost to business and consumers."

Also, Australian Chamber of Commerce and Industry (ACCI) Peter Anderson downplayed the conflict generated by Swan's remarks though he noted that what the Treasurer had declared could be interpreted as unnecessary intervention on the part of the federal government.

Anderson, however, added that Swan has been known to lend his ears with the business community even amidst the prevalence of perceived animosity between leaders of the government and the corporate world.

What transpired, he noted, was simply the airing of different opinions from both sides.