House debates

Wednesday, 14 March 2012

Questions without Notice

Small Business

2:31 pm

Photo of Brendan O'ConnorBrendan O'Connor (Gorton, Australian Labor Party, Minister for Emergency Management) Share this | Hansard source

I thank the member for Robertson for her question. Of course, she has small businesses in her community, and this is a very important question. There are 9,300 small businesses in the electorate of Robertson who want some support from their government. Our job is not to intrude upon small business but to enable the circumstances in which we provide support to them. How do we do that? We do that by providing tax relief in the form of the instant asset tax write-off of up to $6,500. We do that by cutting the company tax rate from 30 per cent to 29 per cent.

Mr Van Manen interjecting

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