Joint Media Release with Minister for Small and Family Business, Skills and Vocational Education Senator the Hon Michaelia Cash; Country Liberals Candidate for Solomon Kathy Ganley and Country Liberals Candidate for Lingiari Jacinta Nampijinpa Price
The Coalition Government continues to prioritise small business growth, with this year’s Budget extending the Australian Small Business Advisory Services – Northern Australia Tourism Initiative (ASBAS-NATI) to help small business get a greater share of the Northern Australia tourism market.
ASBAS-NATI was set up to provide grants to small business advisory services, helping small businesses in the tourism sector grow.
The Coalition Government is investing more than $600,000 to extend the initiative until 31 December 2019, allowing five established not-for-profit advisory services to continue six projects to help new and existing small businesses.
Minister for Small and Family Business, Skills and Vocational Education Michaelia Cash said the 2019-20 Budget continues to put in place a policy environment that makes it easier to establish, operate and grow a small business in Australia.
“The nation’s 3.3 million small businesses are responsible for employing 5.7 million people. Small business make up about 99 per cent of Australian businesses and contributed $393 billion dollars to the Australian economy,” Minister Cash said.
Country Liberals Senator for the Northern Territory, Nigel Scullion said this investment would continue to help not only existing small businesses but those aspiring to start a small business in the Territory tourism sector.
“Small businesses are the backbone of the Australian economy. They do the heavy lifting, strengthening the economy and supporting our communities,” Senator Scullion said.
“The CLP is committed to supporting them with good policy. Tourism is a key sector in the Northern Territory economy and more support for tourism businesses to help them grow means more jobs for Territorians in this industry.”
CLP Candidate for Solomon, Kathy Ganley, said the Business Enterprise Centre would provide advice and support services to Darwin and Palmerston tourism businesses, as well as startup tourism businesses, to help them grow and develop.
“The Country Liberals want to help small businesses do what they do best, help get the NT economy back on track and employ more Territorians,” Mrs Ganley said.
“Unfortunately it is the Federal Coalition Government that is having to do the heavy-lifting for the Northern Territory economy, after Michael Gunner’s job-killing economic agenda has put a wrecking ball through the Territory economy.”
CLP Candidate for Lingiari, Jacinta Nampijinpa Price, said she was pleased that this support for tourism businesses under ASBAS-NATI was Territory-wide including in Belyuen, Coomalie, East Arnhem, Katherine, Litchfield,Roper Gulf, Tiwi Islands, VIC-Daly, West Arnhem, Wagait council areas in the Top End and Alice Springs, Barkly, Central Desert, and MacDonnell in Central Australia.
“Any Territorians toying with the idea of voting for Federal Labor at the upcoming election need look no further than the Gunner Labor Government’s economic record of bankrupting the Northern Territory, for what the outcome of a Shorten Labor Government will be,” Ms Price said.
“In contrast the Federal Coalition Government has a plan to get the NT economy back on track. We are delivering for Territorians the first Budget surplus in 12 years, over a million jobs created in five years with the lowest unemployment rate since 2012, and 230,000 fewer people on welfare than when we came to Government.”
The extension of the ASBAS-NATI initiative until 31 December 2019, builds upon the Coalition Government’s strong track record of supporting small business and strengthening the Australian economy.
The Coalition Government’s initiatives include:
- Increasing the instant asset write-off threshold to $30,000 and expanding access to medium-sized businesses with an annual turnover of less than $50 million.
- fast tracking company tax relief and increasing the unincorporated small business tax discount rate to 16 per cent again locked in for 2021-22;
- making it easier for small businesses to access finance through the $2 billion Securitisation Fund;
- improving cash flow for small businesses by paying invoices for Government contracts under $1 million in just 20 days and requiring contracting businesses to do the same;
- streamlining GST reporting for around 2.7 million small businesses.
- encouraging state governments to cut red tape with $300 million of incentive payments;
- the establishment of a simple dispute resolution service under the Australian Financial Complaints Authority; and
- the creation of the Australian Small Business and Family Enterprise Ombudsman.
The Coalition Government will continue to support small business and deliver a stronger economy that benefits all Australians.