House debates

Thursday, 27 March 2025

Questions without Notice

Instant Asset Write-Off

2:43 pm

Photo of Julie CollinsJulie Collins (Franklin, Australian Labor Party, Minister for Small Business) Share this | Hansard source

It's no wonder that they don't want me to continue to talk about how they want higher taxes for small business sole traders—1.5 million of them. There are 1.5 million small business owners, sole traders, who are getting a tax cut because of our government, a tax cut that you want to take off them. You want to go to the next election with higher taxes for those sole traders. We have been very clear as a government that we want to support small businesses in a targeted way, and that is exactly what we have been doing in our time of government, with more than $2 billion of targeted support, including the instant asset write-off for the last three years. The Treasurer and the Prime Minister have been very clear that when that legislation goes through we will be considering what other measures we will take to support small businesses.

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