19 September 2016

Tassie business set for growth


Joint media release with
Senator David Bushby

Chief Government Whip in the Senate
Liberal Senator for Tasmania

With new trade agreements, plans for lower taxes and fewer pieces of red tape, Tasmania’s more than 35,600 small businesses are vital to driving economic growth and creating new jobs, Small Business Minister Michael McCormack has said.

In a visit to the Tasmanian city of Launceston today, Minister McCormack met with many local small businesses to hear directly about Tasmania’s business environment and confidence.

“My most important role as Small Business Minister is to meet directly with as many of Australia’s more than 2 million small businesses as I can,” Minister McCormack said.

“Through listening to our small business owners, operators and sole traders, I get important feedback about how the Federal Coalition Government can help foster future growth and expansion across the country.

“That’s how I know our plans to cut taxes and reduce red tape are important confidence-boosters for local small businesses, which allows them to expand and grow opportunity in Tassie’s north.

“The Coalition Government’s three trade agreements with South Korea, Japan and China offer unprecedented opportunity for Tasmania’s small businesses and farmers to access new markets and grow their businesses.”

Tasmanian Liberal Senator David Bushby said the instant asset write-off is a much-needed injection from the Federal Government directly into small business.

“There are more than 7,500 small businesses in Bass, many of whom can take advantage of up to $20,000 in an instant asset tax write-off to purchase equipment and make critical investments to help grow and diversify,” Senator Bushby said.

“Agriculture and business services are Tasmania’s largest industries, which is why the Federal Coalition Government has a plan to increase market access for our farmers and allow small businesses to grow and expand into new ventures.

Minister McCormack will address a meeting of the Tasmanian Chamber of Commerce and Industry (TCCI) along with CEO Michael Bailey and Australian Chamber of Commerce and Industry (ACCI) CEO James Pearson later this afternoon.