GAME CHANGING DAY FOR SMALL BUSINESSES IN BONNER

The Government’s 2015 Budget is a historic, unprecedented game changer for the hard working women and men of Bonner.

Our Growing Jobs and Small Business package is the biggest economic recognition of the sector in Australia’s history.

Yesterday Small Business Minister Bruce Billson introduced the first tranche of legislation to deliver that package.

The Government intends to seek passage of this important legislative package in the current sittings of the Parliament and Mr Vasta today welcomed its introduction.

Mr Vasta urges Labor to ensure the certain passage of this legislation to guarantee solid footing for small businesses.

Small business has been and continues to be an enduring focus and priority for the Abbott Government. We are committed to working to ensuring Australia is the best place to start and grow a business.

Our budget package was developed from extensive consultations with small business owners and employees.

The Tax Laws Amendment (Small Business Measures No.1) Bill 2015 will reduce the corporate tax rates from 30 per cent to 28.5 per cent for small businesses with annual turnover under $2 million.