Coalition unveils small business policy
Monday, August 19, 2013/
The Coalition has reaffirmed its commitment to delaying superannuation increases by two years if elected to office.
The commitment was part of a 23-point small business policy announced this morning by the party, which is on track to win government on September 7.
Coalition small business spokesman Bruce Billson told SmartCompany that the “neglectful indifference” shown to small business by the government had to stop.
“Small businessmen and women work too hard and create opportunities…and we want to see a government that properly respects that enormous contribution and actively supports small business,” Billson said.
Also on superannuation, the Coalition promises to shift the burden of administration of super from employers to the tax office.
It also promised to cut $1 billion of “red tape” each year, to “restore time, focus, and resources back to small business to invest in their business success, rather than doing the government’s work”.
Part of this policy is to reintroduce regulatory impact statements for all cabinet submissions, forcing government to assess the compliance cost of policies.
The Coalition also promises to spend $6 million to give the Small Business Ombudsman greater powers, and to work with banks and financiers to make their lending policies more small-business friendly.
Many of these policies have been previously announced, according to Council of Small Business of Australia CEO Peter Strong.
However, he told SmartCompany this morning that they “remained very good policies”.
“One of the good points for us is Bruce Billson, who is enormously respected by every small business body I know,” Strong adds.
“You can always say promises are promises, and they always disappear when a party gets to power. But I trust Billson won’t let that happen.”
A lot of the policies announced by the Coalition are cost-neutral, and Strong says this bodes well.
“There’s little cost in reforming competition policy to remove some of the protections Coles and Woolworths have, for instance, and little cost in improving contract laws. But there are real gains for the economy, and for small businesses, in doing these things.”
One issue not addressed by the Coalition is penalty rates, which Strong says remain too high.
“We don’t want to get rid of them entirely, but we’d have liked to see them lowered.
“Billson said he wanted to remove talk of ideology, and talk about practicality when it comes to industrial relations. And that’s the sort of thing we like to hear,” Strong says.
This story first appeared on SmartCompany.
A cultural war: What Hayne's report means for fintechs, accountants and small-business lending Charlotte Petris Timelio founder
In a perfect world: Canva's Melanie Perkins dreams about the future of Australian startups Melanie Perkins Canva co-founder
Swipe right for (data) validation: What dating apps can teach us about data security Leah Callon-Butler intimate.io co-founder
How do Australian startups tap into the $140 billion of dry powder sitting in the US? Andrea Kowalski Bailador partner
No silver bullet: Four steps to find the perfect sales and marketing channel for your startup Vinne Schifferstein Vidal Botown founder
Buzinga to Appster: An insider's theory on why the app giants keep falling Joseph Russell DreamWalk Apps co-founder
Got brand goals? The four most marketable sports of 2019 Andrew Montesi Pickstar head of marketing
What founders can do now to prepare for a possible 2019 recession Les Szekely EVP co-founder