PETRIE MP Luke Howarth and Small Business Minister Michael McCormack met with small businesses in Brisbane’s northern suburbs and Moreton Bay area to discuss the Government’s plan to help local small businesses grow and create local jobs.
“It’s great to have the Minister here today to visit local small businesses, and to hear directly how the Government can take the pressure off to help them grow and create new jobs here in Brisbane’s north and throughout the Moreton Bay region,” Mr Howarth said.
“Local small businesses have welcomed the Government’s tax cuts which are down to the lowest level in half a century. This is money owners can reinvest to grow their businesses which will help our local economy and create employment opportunities.”
SMALL Business Minister Michael McCormack has today welcomed the Australian Small Business and Family Enterprise Ombudsman’s report following its inquiry into payment times and practices for small business.
“The Government established the Australian Small Business and Family Enterprise Ombudsman to give an independent voice to the challenges and issues faced by Australia’s 3.1 million small businesses,” Mr McCormack said.
“Kate Carnell was appointed as the first Ombudsman and, since taking on the role, Ms Carnell and her team have conducted a number of important inquiries, including a review of the ill-named Road Safety and Remuneration Tribunal, and Small Business Lending Practices.
MINISTER for Small Business Michael McCormack, in his capacity as Minister Responsible for Consumer Affairs, has today welcomed the Productivity Commission’s report into Consumer Law Enforcement and Administration.
“The Productivity Commission’s report, released today, details its study findings into the administration arrangements behind the Australian Consumer Law,” Mr McCormack said.
“The study examined the complementary roles of Commonwealth and State and Territory consumer affairs agencies under the ‘one law, multiple-regulator’ consumer law model.
[RECORDING STARTS]…. What’s this going to mean for small business?
|Ultimately, our small business plan is going to encourage hire wages, it’s going to mean that hundreds more businesses are able to get a tax cut. So the tax rate is going from 28.5 per cent to 27.5 per cent for businesses with an annual turnover of up to $10 million.
We have also changed the definition of ‘small business’. Previously, a small business was up to $2 million and we know there are plenty of businesses in Moreton Bay, Redcliffe and certainly around the local industrial estate which are possibly, probably, more-than-likely have an annual turnover of more than $2 million. Previously, they were not eligible for a tax cut. Previously, they were not eligible for the instant asset write-off. That is something which enables a small business – under the new definition of a small business – to instantly write-off capital equipment.
TOPICS: ABS, 2016 Census ‘typical’ Australian release
So Minister, what’s the latest with the Census?
Well the first release of data from last year’s Census comes today at 11.30, where a ‘typical’ Aussie snapshot will be released. And that will show what a typical Aussie looks like, across the nation, also through the States and Territories.
TOPICS: Water security and infrastructure, decentralisation, small business tax cuts and nationwide small business roadshow.
Minister, I just wanted to touch on a few things mentioned at your Chamber of Commerce meeting this morning. A big one for this region and also the Lockyer Valley region is water security in terms of small business and the ag sector. So what can be done? I know in the Lockyer Valley, for instance, their dams are at 10 per cent. They are going to have to start paying more to irrigate from there using groundwater. What can be done?
Well I understand – coming from a regional area myself – the importance of water storage infrastructure. I understand the importance of flood mitigation. And that’s why the National Party, that’s why the Federal Government, has a policy to absolutely make sure we increase water capacity. That we increase and fund water storage. We are doing that.
Every week we talk about small business and what’s going on with small business right across this great country of ours. Joining me to talk small business from a roadshow in country Queensland is Michael McCormack, the Federal Small Business Minister who is out and about really pushing the Government’s agenda when it comes to well all things small business. Michael McCormack joins me live right across the country, mate welcome to the show.
So first of all for our listeners we are going to be talking about the tax cuts and that sort of thing but you’re this a National roadshow for small business and you’re in the regions, tell us a little bit about that?
FEDERAL Member for Bonner Ross Vasta was joined today by Small Business Minister Michael McCormack to discuss how the Government’s small business plan was helping local small businesses to grow and create local jobs.
“It’s great to have the Minister here today to visit local small businesses in my electorate of Bonner,” Mr Vasta said.
“The Government has a strong plan to back Bonner’s small businesses, including cutting their taxes to the lowest level in half a century and giving more small businesses access to the instant asset write-off programme which is already helping so many local businesses buy new equipment.
Topics: First insights into the 2016 Census
Minister thanks for your time this afternoon.
That’s a pleasure.
So what does the ‘typical’ Australian look like?
Well the ‘typical’ Australian is a 38 year old female – Australia’s population has changed a lot over the past 105 years. The first census was held in 1911 and back then the ‘typical’ Aussie was a 24 year old male but women have outnumbered men in Australia since 1979. T! he ‘typical’ Aboriginal or Torres Strait Islander person is also female, but she’s younger, 23 years old in fact. The snapshot of Australians that’s been released by the Australian Bureau of Statistics today following the Census last August shows us a lot of interesting things. It shows that the ‘typical’ Aussie male is 37 and spends less than 5 hours a week on domestic work and the ‘typical’ Aussie female is 38 years old. She spends between 5 and anywhere up to 14 hours a week on domestic work and so maybe the ‘typical’ Aussie male should actually spend a bit more time on housework and domestic chores. That’s certainly an interesting find from last year’s Census.
A CUT in the company tax rate – to its lowest level in half a century – will enable Maranoa and western Queensland small businesses to expand, hire more people and pursue their dreams, Federal Small Business Minister Michael McCormack said.
In Roma, Dalby, Warwick and Stanthorpe for small business forums and meetings with small businesspeople today and tomorrow, Mr McCormack said the Federal Government backs hardworking Aussies in small business to have a go and pursue their dreams.
“It is small business – not Government – which creates jobs. That’s why the Federal Government’s tax cuts, simpler paperwork and access to instantly write-off new equipment against a small business’ tax is here to help,” Mr McCormack said.