Michaelia Cash (WA, Liberal Party, Minister for Small and Family Business) Share this | Hansard source

I thank Senator Gichuhi for her question, and the answer is very simple: it is because of good economic management. Because of the good economic management of those of us in government, millions of small and family businesses will now pay less tax sooner because we are able to bring forward our tax cuts five years earlier than planned. How have we been able to do this? It's by putting in place economically responsible policies.

For example, under the economic stewardship of the coalition government, the economy has now grown 3.4 per cent throughout this year. That is actually the best since the mining boom. It is also a fact that, as a result of the policies that the coalition government has put in place, in excess of 1.1 million jobs have been created. Our economy is getting stronger, and our budget position is improving. The policies that have been implemented by our government will ensure, as well, that we're able to guarantee the essential services that Australians rely on. We will bring the budget back to balance sooner rather than later. But we will also be able to provide tax relief to small and family businesses in Australia five years earlier than planned.

These are types of policies you as a government are able to deliver when you put in place responsible economic management. You are able to build a strong and a resilient economy that gives every single Australian—in particular, those who are out there having a go—the opportunity to pursue their dreams. It's because of our responsible economic management that small and family businesses in Australia will receive tax cuts five years earlier than planned. (Time expired)