Senate debates
Monday, 15 June 2015
Bills
Tax Laws Amendment (Small Business Measures No. 1) Bill 2015, Tax Laws Amendment (Small Business Measures No. 2) Bill 2015; In Committee
10:42 am
Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source
We went through this at great length during Senate estimates and the answer remains the same. The government obviously, as we always do, considers a whole range o2f information and obviously assesses and considers various options. We made a judgment that the $20,000 threshold was the appropriate threshold in the circumstances based on what was affordable within the budget and based on what would provide an appropriate incentive for small businesses with annual turnover of up to $2 million to encourage them to invest in their future success more Australians in the future.
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