Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

This government has made a priority of providing tax relief and of reducing the complexity of the tax system for small businesses. We want to see these businesses prosper and grow, so we want to be able to provide assistance for a company that is providing a machine tool within a factory, if they are a manufacturer; a fridge in a cafe; or IT equipment for an office. That is why the new depreciation benefits will directly flow to businesses such as those.

This is consistent with the objects that we have been pursuing through other activities such as Enterprise Connect, which builds the capabilities of small- and medium-sized enterprises and links them to new ideas. Some 2,700 firms have benefited from Enterprise Connect’s business reviews. Others have received support from Enterprise Connect to make specific business improvements, to increase their research capacity and to access leading-edge technologies. The government’s tax plan— (Time expired)