House debates
Tuesday, 8 August 2023
Statements by Members
Business Investment
1:58 pm
Louise Miller-Frost (Boothby, Australian Labor Party) Share this | Hansard source
Boothby is home to many businesses that make up our vibrant local economy, and this government is committed to doing more for business. We know businesses see the benefit of energy transition, so our Small Business Energy Incentive provides a 20 per cent deduction on spending for electrification and energy efficiency. Energy efficiency grants will assist in electrification and installing batteries, and small businesses in South Australia will receive $650 a year in energy bill relief. We've also announced a $20,000 instant asset write-off to aid in cash flow.
We also understand the skill shortage challenge, so we're tackling migration reform. We've introduced fee-free TAFE and more university places, and our reforms to parental leave and cheaper child care mean both parents can go back to work earlier if they choose. The National Reconstruction Fund will help Australian industry to move up the value chain, increase productivity, take advantage of the net zero economy and address supply chain issues. Business and industry can count on this government to deliver the short-term and long-term investments they need to thrive. We are good for business, good for the environment and good for the community.
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