Natasha Griggs (Solomon, Country Liberal Party) Share this | Hansard source

The fact is that Raw Cloth is a wonderful, local business that employs people locally, that uses Territory made products—indigenous products. It is fantastic because they will be able to take advantage of some of the wonderful business initiatives that we have put forward. Me and My Lama is another local business which I am really proud of. They are a local small business that will be able to take advantage of the announcements we have made.

All these small local businesses have very clever local people all working to make their businesses as strong as they can and are contributing to the economy of Solomon. Every one of these business is employing local people from Solomon. Every dollar that they spend boosts the local economy. A couple of my very clever constituents have just started a law practice. Cozens, Johansen Lawyers is a new business; they started up on 23 March this year. The budget has been great for them. Since hearing about the coalition's small business package, they have already invested more into their business. They will also take advantage of the $20,000 instant write-off. For Cozens Johansen Lawyers this means that all the expenses of registering their business, creating their trust funds, registering their partnership are an instant write-off.

Being able to deduct these expenses has a real and immediate benefit for a business—cash flows improve, business confidence improves. Those on the other side would not know because they have only worked in unions. They have not worked in small business and they do not know about cash flows—(Time expired)

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