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 must play 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 the 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