AHA National CEO Stephen Ferguson said the review as an opportunity to create more employment opportunities by reviewing the current workplace relations framework.
He said the current inflexibility and award system structure was "stifling employment and business growth".
"The level of penalty rates is a particular concern," Ferguson said.
"The AHA agrees that additional remuneration should be provided for employees working overtime, weekends and public holidays.
"However, a better balance is required to enable more businesses to open their doors."
Ferguson said the AHA will be actively involved in the consultation process.