House debates

Wednesday, 27 May 2015

Bills

Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015; Second Reading

1:27 pm

Photo of Matt WilliamsMatt Williams (Hindmarsh, Liberal Party) Share this | Hansard source

I am glad that the member to Rankin is here, because I am sure he is most interested in the PwC report and how they criticised the Labor government in 2009. I am glad he is listening attentively. This bill provides support from the government for start-ups to innovate and prosper. Combined with a tax cut and the instant asset write-off recently announced in the budget, it is further reason for entrepreneurs to have a go.

I commend the Minister for Small Business for his work and commitment in this area. In his speech to the National Press Club earlier today, the minister said: 'We will continue to encourage enterprising men and women.' Interestingly, there are more women than men starting business in Australia. I repeat: more women than men are starting business in Australia. This is a great result. Some of the great success stories have included Janine Allis of Boost, Naomi Simson of RedBalloon and Tammy May of MyBudget in Adelaide. I also commend my colleagues on their commitment to the change, in particular the member for Casey and the member for Forde. I note that the member for Fisher, who is here today, gave a great speech earlier on this bill. Together, the small business community has rallied behind changes such as this, knowing how important it is for Australia to have a better entrepreneurial culture and to provide incentives for entrepreneurs and small businesses to do their best and have a go. I commend this bill to the House.

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