The only really dumb position is that fewer regulations = better always.
For example, there are tons of building codes that keep houses from falling down, and make them livable in many other ways. Those seem good. Others that say that we shouldn't poison the air or water too much. Also good.
So yes, much of the consumer protection is working very well thank you. There are a few places where we went overboard and need to cut back.
For specific instances of corruption relating to construction, this is detailed across a few FriendlyJordies videos but I'm strung for a link right now. Will comment if I find it later.
Edit: there's also this https://independentaustralia.net/politics/politics-display/n...
But you're probably thinking about communist California that passed prop 13 and a bunch of other regulations in the decades before it even became majority Democrat.