The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has welcomed the return of small business to Cabinet, signalling the importance of the sector to Australia and its economy.
“It’s great to have the small business portfolio back in Cabinet and to have Michaela Cash as the minister responsible,” Ms Carnell said in a statement. “Australia is a nation of small businesses and family enterprises, and our new Prime Minister, Scott Morrison sees the value of this sector – the backbone of the Australian economy.”
Ms Carnell thanked former Minister for Small and Family Business, the Workplace and Deregulation, Craig Laundy for his enthusiasm and in-depth understanding of the sector.
“He has done a great job,” Ms Carnell said. “We look forward to working with Minister Cash on small business policy and a range of important issues for small businesses and family enterprises. Most importantly, reducing the company tax rate for SMEs to 25 per cent, addressing phoenixing, improving small business access to capital, making the Fair Work Act easier to navigate and implementing e-invoicing.”