Budget 2015: Government unveils biggest small business package in Australia’s history

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Small business is front and centre of this year’s federal budget with the unveiling of the government’s $5.5 billion Growing Jobs and Small Business package.

The government claims this is “the biggest small business initiative in our nation’s history”.

In his budget speech Treasurer Joe Hockey will point to his own background growing up in a “small business family”.

“That small business put a roof over our heads. It paid the bills. It gave all of the family a better chance at life,” Hockey will say.

Hockey says small business is critical to Australia’s economic prosperity.

“Our future growth will come from growing small business into big business,” he will say.

“Every big company in the world started small.”

The key budget measures that will impact SMEs are:

The budget also:

“This is a budget for small business people who want to innovate and grow,” Hockey will say in his budget speech.

“I believe our nation’s best days are ahead of us. So now is the time for all Australians to get out there and have a go.”

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Cara Waters is the editor of SmartCompany. Previously, Cara was a senior reporter at the Financial Times website FT Adviser in London and she also worked for The Sunday Times in London.

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