Luke Howarth (Petrie, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

I move the amendment circulated in my name:

That all words after "That" be omitted with a view to substituting the following words:

"the House notes that:

(1) the former Government consistently delivered lower taxes for small business and families;

(2) the Coalition's plan for the Instant Asset Write-Off will deliver a bigger tax cut for small businesses and boost investment in productive assets;

(3) there have been more than 27,000 business insolvencies under this Government; and

(4) Australians cannot afford another three years of Labor.".

I rise to speak on the Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024. This bill, I believe, is another attack on small businesses by the Albanese government. This is an antibusiness government, and the bill highlights how the government is failing small businesses across Australia who are struggling. We saw today in question time how little the front bench of the government knows about small business, when we were talking about tax deductible meetings over lunch. They just don't understand it. They don't get it.

These businesses are facing record insolvencies under the Albanese government. Can you believe that, in less than one term, 27,000 businesses have gone bust in Australia under the Albanese government?

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