MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_00F0_01D69BC5.ED2780E0" This is a multipart message in MIME format. ------=_NextPart_000_00F0_01D69BC5.ED2780E0 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit BRENDAN O’CONNOR MP SHADOW MINISTER FOR EMPLOYMENT AND INDUSTRY SHADOW MINISTER FOR SCIENCE SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS MEMBER FOR GORTON IT’S VITAL TO SAVE SMALL BUSINESS Tonight’s Budget is a crucial marker for Australian small businesses. As the backbone of the economy, the health and long term viability of our nation’s small businesses are vital to our economic recovery. The Prime Minister is dubbing this budget as the most important since the end of Word War 2 and Australian small businesses will hold him to this claim, ensuring it’s not just another announcement, with no follow up. If it is the most important budget in nearly 80 years, then we expect strategic and comprehensive support for our small businesses – not just a nip and tuck here and there. It’s important to point out the Morrison Government’s poor track record on announcements so far for small businesses. Last week the Government began withdrawing vital economic support. Both the JobSeeker support and JobKeeper wage subsidy have now been cut, which will see billions of dollars ripped from local economies and small businesses around the country. There has been little demand for the government’s failed $40 billion SME loan scheme, which has seen only 18,000 businesses and $1.8 billion out the door. The government’s extension of “small business tax exemptions” are not for small businesses at all, but for firms with turnover over $10 million to $50million. Changes to insolvency laws aiming to help small businesses restructure or fold, recently announced by the Treasurer are complex and require extensive consultation, so it’s concerning that industry leaders have already declared the Morrison Government’s consultation inadequate. The Government voted against improving payment times for small businesses. When cash flow is critical to SME’s survival, the government is allowing big businesses to blow out their payment times to small businesses by 180 days or more. In April I wrote to Assistant Treasurer Michael Sukkar suggesting the government introduce a voucher scheme for small businesses to access accredited accountants and professional service providers to assist with accessing government support schemes. I’m yet to hear back from Mr Sukkar. Times are tough for small business, they are struggling to survive. They face the worst recession in almost a century, and a global pandemic, which has meant complying with forced government restrictions in the form of social distancing rules, border and movement restrictions, and the imposition of temporary business shut downs. Australian small businesses deserve a plan from the Government to promote growth, protect and create jobs, support small businesses and set us all up for the recovery. This opinion piece appeared in the Herald Sun on Tuesday, 6 October 2020. MEDIA CONTACT: ERIN SMITH 0458 950 010 Authorised by Paul Erickson, ALP, Canberra. This is a broadcast email - please do not reply to this email. _____ This email is confidential and may be privileged. If you have received this email by mistake: (1) please notify me immediately and delete the email; (2) you must not use this email or its contents; (3) client legal privilege is not waived. _____ unsubscribe from this list . ------=_NextPart_000_00F0_01D69BC5.ED2780E0 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable BRENDAN O'CONNOR =E2=80=93 OPINION PIECE =E2=80=93 = IT=E2=80=99S VITAL TO SAVE SMALL BUSINESS =E2=80=93 TUESDAY, 6 OCTOBER = 2020
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BRENDAN O=E2=80=99CONNOR = MP
SHADOW MINISTER FOR EMPLOYMENT AND INDUSTRY 
SHADOW MINISTER FOR SCIENCE
SHADOW MINISTER FOR SMALL AND FAMILY BUSINESS
MEMBER FOR GORTON
 

IT=E2=80=99S VITAL TO SAVE SMALL BUSINESS
 
Tonight=E2=80=99s Budget is a crucial marker = for Australian small businesses.

As the backbone of the economy, the health and long term viability of = our nation=E2=80=99s small businesses are vital to our economic = recovery.

The Prime Minister is dubbing this budget as the most important since = the end of Word War 2 and Australian small businesses will hold him to = this claim, ensuring it=E2=80=99s not just another announcement, with no = follow up.

If it is the most important budget in nearly 80 years, then we expect = strategic and comprehensive support for our small businesses =E2=80=93 = not just a nip and tuck here and there.

It=E2=80=99s important to point out the Morrison Government=E2=80=99s = poor track record on announcements so far for small businesses.

Last week the Government began withdrawing vital economic support. Both = the JobSeeker support and JobKeeper wage subsidy have now been cut, = which will see billions of dollars ripped from local economies and small = businesses around the country.

There has been little demand for the government=E2=80=99s failed $40 = billion SME loan scheme, which has seen only 18,000 businesses and $1.8 = billion out the door.

The government=E2=80=99s extension of =E2=80=9Csmall business tax = exemptions=E2=80=9D are not for small businesses at all, but for firms = with turnover over $10 million to $50million.

Changes to insolvency laws aiming to help small businesses restructure = or fold, recently announced by the Treasurer are complex and require = extensive consultation, so it=E2=80=99s concerning that industry leaders = have already declared the Morrison Government=E2=80=99s consultation = inadequate.

The Government voted against improving payment times for small = businesses. When cash flow is critical to SME=E2=80=99s survival, the = government is allowing big businesses to blow out their payment times to = small businesses by 180 days or more.

In April I wrote to Assistant Treasurer Michael Sukkar suggesting the = government introduce a voucher scheme for small businesses to access = accredited accountants and professional service providers to assist with = accessing government support schemes. I=E2=80=99m yet to hear back from = Mr Sukkar.

Times are tough for small business, they are struggling to survive. They = face the worst recession in almost a century, and a global = pandemic, which has meant complying with forced government restrictions = in the form of social distancing rules, border and movement = restrictions, and the imposition of temporary business shut = downs.  

Australian small businesses deserve a plan from the Government to = promote growth, protect and create jobs, support small businesses and = set us all up for the recovery.

This opinion piece appeared in the Herald Sun on Tuesday, 6 October = 2020.

MEDIA CONTACT: ERIN SMITH 0458 950 = 010
=09

Authorised by Paul Erickson, ALP, Canberra.
 

This is a broadcast email - please do not reply = to this email.


This email is confidential and may be = privileged. If you have received this email by mistake: (1) please = notify me immediately and delete the email; (2) you must not use this = email or its contents; (3) client legal privilege is not waived.


 

unsubscribe from this list.

 
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