The Liberal Party has denied a plan to collude with One Nation to oust Labor from power, as the treasurer accused the right-wing parties of working together to entrench a broken status quo.
As alarm grows within the coalition over One Nation's rise in the polls, Opposition Leader Angus Taylor rejected suggestions the party could do a deal with Pauline Hanson to avoid running competing candidates in select seats.
With polls showing the combined One Nation, Liberal and National primary vote at almost 50 per cent, such a deal would avoid splitting right-party support and bolster the chance of a Labor defeat at the next federal election.
"No, there's no plan to carve up seats. We won't be doing that," Mr Taylor told ABC News Breakfast on Thursday.