Bill
Tax Laws Amendment (Small Business Measures No. 1) Bill 2015
passed, as at 2015-06-22. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
Divisions
- Jane Prentice As I was saying, following the budget the Treasurer and I visited one such business, Briki Espresso and Gelati Bar in the suburb of Ironside. There we met Sav Ermides, who told us that the depreciation changes in the budget will help him to expand his cafe and also buy a new oven so that he can serve more customers and grow his business. Mr Ermides is one of thousands of such stories among the 13,000 registered small businesses in my electorate and the hundreds of thousands more across Australia. This policy is already making a real difference to small businesses. These days it is a cliche to say that small business is the engine room of the economy, but nevertheless the numbers back it up. Small businesses produce more than $330 billion of our nation's economic output every year. Better yet, they employ more than 4.5 million Australians. Businesses such as Brookfield Gardens, a family-owned garden retailer in my electorate that now boasts a restaurant addition. Robin and Scott McLay have a passion for gardening and have built a successful local business that demonstrates their passion and expertise. They are a great small business success story. Then there is the French patisserie at the Cat and Fiddle shopping centre in Toowong. They have been a family run business since 1984, making delightful pastry desserts as well as quiches that are a weekend lunch staple for my family. And businesses such as Kenmore Gallery and Picture Framing, run by well-known Ryan local Liz Barker with more than 30 years of industry experience. As I speak to people across the electorate of Ryan, I am hearing more and more stories of new families investing in existing small businesses—a positive reaction to a recharged economy, where a more optimistic mood is encouraging people to take that step into their own business. Like Cave Coffee Espresso Bar at Keperra. It has always served great coffee and has been revitalised under new ownership. I am particularly looking forward to — 2015-06-03, House of Representatives: negative, ayes 47, noes 77
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