SMALL business is often said to be the backbone of a strong economy.
With 75,000 businesses across western Sydney, how a future government will support local businesses is being keenly scrutinised.
Earlier this year the NSW Business Chamber launched its ‘‘Big 4 You Can’t Ignore’’ campaign which listed the four government policy topics it believed were critical to the survival and success of small businesses.
These were: cutting down on red tape; simplifying the tax system; making it easier to employ people; and building better infrastructure.
What Parramatta candidates said:
Julie Owens, Labor
Small business are the backbone of employment across Australia. Having run a small business and a national trade organisation representing small businesses prior to becoming your Member of Parliament I understand how important it is to ensure operations run as efficiently as possible with less red tape. Currently, GST compliance represents about half of the time it takes for small businesses' overall compliance with business tax regulation. We need to cut that further to make it easier for small business to thrive. A re-elected Labor Government wil cut the number of business activity statements (BAS) small and medium businesses are required to submit for GST returns. Currently, businesses with a turnover of $2 million lodge four statements per year. Under a Labor government, businesses with a GST turnover of less than $20 million a year will only have to lodge their BAS once a year. This change will benefit 1.35 million businesses.
Martin Zaiter, Liberal
Martin Zaiter said he is determined to strengthen business in Parramatta to boost growth and jobs.
“As a small business partner in Parramatta, I understand the challenges facing local business very well.
‘‘The Coalition will abolish the carbon tax and reduce the company tax rate by 1.5 per cent.
‘‘We will cut red tape and compliance costs to small business by $1 billion a year.
‘‘This will include an easier way of making superannuation payments and a paid parental leave scheme where the Government does the paperwork.
‘‘We will review competition laws to ensure that business – large and small - has a level playing field.
‘‘And we’ll protect the rights of independent contractors, extend unfair contract provisions to small business, and improve access to Commonwealth procurement contracts, with bills paid on time.”
“Small business is part of my DNA – I am determined to deliver for the people of Parramatta.’’
Phil Bradley, Greens
he Greens and I are very supportive of small businesses, as we know they are an important part of Parramatta communities in a way big business can never be.
Seven of the Greens' 48 lower candidates in NSW have small business experience. We have listened to them and other small business owners in developing our other policies. We will:
• Reduce the company tax rate for small business by 2% (costing $1.75 billion over the forward estimates)
• Help small business cash-flow by increasing the instant asset write-off threshold from $6,500 to $10,000, and
• Legislate for a stronger, more powerful federal Small Business Commissioner.
We will also strive to rectify the unfair advantage that big overseas-owned businesses have over small business. For example, the Greens will lobby the government to provide $85 million to help farmers bypass the big two supermarkets’ duopoly. The aim will be for farmers to get a fair price for their goods and to find it easier to supply local affordable fresh food directly to communities, as well as create local jobs with new food supply chains.
Gary Loke, Palmer United Party
Palmer United Party has pledged to abolish FBT (Fringe Benefits Tax) to help the local businesses. It will remove the burden on local businesses and will allow them to recruit more people, thus creating more local jobs.
FBT is a negative tax and by abolishing it we will automatically inject $4 billion into the Australian economy.
Reducing taxes on businesses and people will mean more money for Australians and will see people begin to spend again, this will stimulate growth and our economy.
Local businesses in Parramatta needs support by removing heavy burden of taxes on them. Palmer United Party will remove this burden, and will also support local businesses by giving them more government assistance by providing more subsidies.
Especially small businesses are the backbone of our economy, and Palmer United Party strongly supports small businesses in the local area.
Miechele Williams, Democratic Labor Party
I am strongly committed to small business. I believe the following policies will help small businesses across Parramatta:
1. Big business and government trading terms for supply of goods and services by a small business should not be any longer than 30 days standard trade (business size being defined by the Fair Work Act 2009 (Cth)).
2. The Federal Government should pay the superannuation and WorkCover costs for a small business for the first 12 months that the business employs its first full time employee, to cover a wage of up to $48,000 per annum.
3. Newly established small businesses should have a one year deferment on their company tax payment for the first seven years. The catch up period is then over the following five years.
Within the early days of my term, I would establish local small business mentoring programs comprised of Parramatta's retired successful business owners and current small business owners who will be available to coach and advise small business owner/operators, and people wishing to establish a new small business.
I firmly opposes undue and excessive Federal and State Government and local council bureaucracy for Parramatta's small business operators.
I would call for the establishment of a Federal Development Bank. Its primary role would be to provide a source of funding for infrastructure spending by the federal and state governments, removing their need for seeking funding in foreign markets. The Development Bank would be Australian owned and operated, separate to the Reserve Bank of Australia and external to the Treasury and ongoing budget requirements. Legislation would need to be put in place so that the Development Bank cannot be privatised, nor used for purposes other than those for which it was founded.
Such a development bank will provide numerous benefits for Parramatta. Not only would it provide safe investment, but it would build ongoing revenue for future infrastructure projects.
As the DLP candidate for Parramatta voters can be certain that they would elect a member & party that will support and allow to grow niche manufacturing industries, small business & jobs for workers.