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Delivering for Small Business Fact Sheet

Delivering for Small Business Fact Sheet

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Published by AustralianLabor

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Published by: AustralianLabor on Aug 12, 2010
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10/25/2012

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Election 10
Delivering for Small Business
 
Let’s move Australia forward
1
 www.alp.org.au 
 
Delivering for Small Business
 
Election 10
Delivering for Small Business
 
Let’s move Australia forward
2
 www.alp.org.au 
Delivering for small business
The Hon Dr Craig Emerson, MP
Minister for Small Business, Independent Contractors and the Service EconomyELECTION 2010
Overview
The Gillard Labor Government understands the important contribution smallbusinesses make to national prosperity and to supporting jobs.Small business owners take a risk in undertaking new ventures on their own.They work hard to achieve commercial success and deserve support for theirentrepreneurship, which contributes so much to the economy and provides jobs forAustralians.Federal Labor is committed to supporting Australia’s small businesses as the globaleconomy recovers, so they can grow to their full potential and continue theirimmense contribution to Australian prosperity and job creation.
 
Election 10
Delivering for Small Business
 
Let’s move Australia forward
3
 www.alp.org.au 
What Federal Labor has achieved so far
Helping small business to prosper 
Small businesses are the backbone of the Australian economy, providing jobs andadding to our national prosperity. Federal Labor has implemented a number of policies to help Australia’s small businesses prosper.We invested
$42 million in small business advice and support
through smallbusiness advisory services located in suburban, rural and regional Australia.We
simplified the Business Activity Statement (BAS) and other reportingrequirements
for small business,
 
by implementing
 
standard business reporting foraround 70 per cent of small businesses.We created a
superannuation clearing house
so small businesses can pay theiremployees’ superannuation contributions electronically to Medicare, whichdistributes the money to employees’ chosen super funds free of charge.We
helped small businesses go online
by providing $14 million to 47 successfulapplicants to improve their e-commerce capabilities, enabling them to take up thenew opportunities offered by the National Broadband Network.We also made
improvements to the Franchising Code of Conduct,
with franchisorsnow required to disclose more information that franchisees need to make decisionsabout their businesses. Other requirements will empower prospective franchiseeswhen negotiating with franchisors. The ACCC has also been given new powers toconduct random audits of franchisors and seek remedies on behalf of all franchiseeswho are party to an agreement.We established a
permanent voice for small business
in the ACCC, through theappointment of a new Small Business Commissioner.We also
amended the Trade Practices Act
to protect small businesses against morepowerful businesses by providing penalties of up to $1.1 million for unconscionableconduct and false and misleading representations, as well as strengthening the lawsdealing with predatory pricing.And we
helped small business with bank finance
by providing a business loan finderservice through thewww.business.gov.auwebsite to locate and compare the rangeof business loan options available.

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