As Australia's largest employing sector, small business makes a significant contribution to Australia’s economy. All Australians should be encouraged to develop their own niche and/or nurture and grow their own enterprises. Government plays an integral role in fostering small business growth and in doing so reduce bureaucratic obstacles.
Examples of what needs to be done:
- Targeted tax breaks for small businesses during their first two years of operation.
- Payroll tax exemption for businesses with up to 15 full-time equivalent employees.
- Streamline access to and processing of government services for small business.