The Prime Minister has announced Australia’s 2.7 million small businesses will be given a direct voice to the Gillard Government, with the appointment of the nation’s first Small Business Commissioner.
The new Commissioner will:
- Provide small businesses with a new voice to highlight their issues to the Australian Government;
- Provide a one stop shop for small business services and information;
- And ensure the interests of small business remain at the forefront of Government policy making.
The Commissioner will work closely with the Minister for Small Business, Brendan O’Connor.
In a media release from the Prime Minister, ‘we are also cutting the company tax rate for small business from 30 per cent to 29 per cent, increasing the small business instant tax write-off from $1,000 to $6,500 and introducing a $5,000 tax break for motor vehicles .’
Australia’s small business sector currently employs almost 5 million Australians and makes up over a third of the economy.
The Commissioner will be appointed in the second half of this year.