3 MINUTE: Tax relief for small businesses

Deputy Speaker, I rise today to recognise the small businesses at the heart of our communities.

And to acknowledge the support the Morrison Government has delivered to keep them afloat during this time.

New economic data from ATO and Treasury analysis released this week shows small businesses have received $5 billion worth of tax relief this year and next.

That’s $5 billion back into the pockets of these businesses, seeing the creation of 600,000 new jobs.

We’ve also provided Australian workers; whether they be a teacher or a nurse – who are on $60,000 a year, a total of $6,480 in tax relief.

Australians are better off thanks to our Government.

I’ve welcomed the comments from small businesses in my electorate of Bonner who couldn’t be more thankful for the support we have provided.

Deputy Speaker, Michael Sunderland is the Sales Manager at Karalis Real Estate in Mount Gravatt.

Being a small office with only 3 full-time staff, things were at their lowest when the pandemic hit.

Karalis Real Estate were eligible for our wage subsidy scheme, which in Michael’s words, was a lifesaver for his business.

As time progressed, it was no longer needed.

Now, they’re focused on expansion, growing their team of 3 full-timers to 8 employees by next March.

And in the Bayside suburb of Wynnum is Fluer by Ellie, a local florist which opened during covid.

Owner Ellie believes wholeheartedly our tax relief measures have had widespread benefits in the area.

Given the noticeably increased foot traffic and return in consumer confidence, Ellie has been able to expand her floristry business with the added addition of a new café.

Creating more jobs and more opportunities for locals to go local first.

There’s also The Jungle Adventure Play in Cannon Hill; every local kid’s favourite place to be.

Including my two boys!

Owner Lachlan Walker opened this business during the June/July school holidays last year.

To get on their feet during this time, The Jungle took advantage of our government’s instant asset write-off.

In anticipation of Brisbane’s hot summers, they installed aircon units which has improved the space for children who are busy running around and climbing the equipment.

Lachlan mentioned The Jungle also has 10 staff taking part in our Boosting Apprenticeship Commencements program.

They are now able to upskill and train casual apprentices to become part time or full-time employees.

Deputy Speaker, this is just a snapshot of how our government’s measures have positively impacted countless businesses and employees in Bonner.

And with Christmas right around the corner, it’s the most important time of the year to be purchasing gifts locally and supporting our mum and dad small businesses.