Wyatt Roy (Longman, Liberal Party) Share this | Hansard source

There is a big difference between that side of politics and this side of politics. While the Labor Party seeks to put government at the centre of our lives, we on this side of the chamber understand that if we get government out of our lives our nation can achieve greater prosperity. If Australian citizens pay less tax—not more tax—they can help reach their full potential.

Something very exciting is happening. The evangelical spirit of the Minister for Small Business is flowing through to small businesses in our community. That excitement, that encouragement, is coming from the largest small-business package our nation has ever seen. We are cutting 1.5 per cent company tax for incorporated businesses. There is a five per cent tax discount for non-incorporated businesses. The biggest measure of all is that you can claim up to $20,000 on each asset that every business goes out and invests in against your taxable income. That is keeping more of your own money in your pocket while you invest in things that increase the productive capacity of your business, allowing you to go out there and employ more people.

When you throw that on top of our red-tape-reduction agenda, our key infrastructure agenda, our free trade agreements and the fact that we have a lower Australian dollar and lower interest rates there has never been a better time to go out and have a go and grow our local businesses.

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