House debates

Thursday, 15 October 2015

Questions without Notice

Small Business

2:42 pm

Photo of Kelly O'DwyerKelly O'Dwyer (Higgins, Liberal Party, Minister for Small Business) Share this | Hansard source

in order to help small businesses to transition—$1.4 million in the last budget—and it will be really appreciated by the more than two million small businesses in Australia.

The CEO of the Council of Small Business, Peter Strong, in a press release on this announcement—a press release entitled 'Fairness, transparency, productivity and retail diversity achieved all in one decision'—said:

This decision by the government will be received with joy by many, many small businesses …

I think that says it all. The government is supporting small business. We have been supporting small business from day one. In the last budget we were able to deliver a historic $5.5 billion package that supports small business and jobs. We have cut the tax rate for small business by more than 1.5 per cent. We have also been able to allow small business to invest in their businesses with the instant asset write-off for those assets of less than $20,000. We are doing it this year; we are doing it next year. We back small business and we hope those opposite do too. (Time expired)

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