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Cutting red tape for Tasmania’s small businesses

Media Releases

Date : 04 March 2019

THE HON JOSH FRYDENBERG MP
Treasurer

THE HON JEREMY ROCKLIFF MP
Tasmanian Acting Premier

JOINT MEDIA RELEASE

 

4 March 2019

CUTTING RED TAPE FOR TASMANIA’S SMALL BUSINESSES

The Coalition Government is backing Tasmanian small businesses with a $6.4 million investment in red tape reduction, to make it easier for new businesses to start and for existing businesses to grow.

Treasurer Josh Frydenberg said the funding was part of the Coalition Government’s $300 million Small Business Regulatory Reform Agenda.

“Our plan recognises that the private sector employs nine out of every 10 workers and is focused on making sure that businesses stay competitive, keep investing and continue to hire more workers,” Treasurer Josh Frydenberg said.

“This new $6.4 million investment will allow small businesses like cafes, builders and retailers to spend less time and money on regulatory burdens, and more time and money on doing business.

“New businesses will be able to start sooner and existing businesses will be able to grow faster, which will ultimately create jobs, to boost productivity and further strengthen Tasmania’s economy.”

Deputy Premier Jeremy Rockliff said the funding was good news for the 36,600 Tasmanian small businesses.

“Small business is the engine room of our economy, employing tens of thousands of Tasmanians in our cities and our regions,” the Deputy Premier said.

“This funding will make it easier to do business in Tasmania, which will drive further economic growth across our state.

“Over the next three years we will use this funding to deliver on four priority regulatory reforms that remove costs and complexity for business.”

The projects include:

This funding builds on the Coalition Government’s support for small business including increasing and extending the Instant Asset Write-Off initiative, fast-tracking tax relief for small and medium businesses and making it easier for small businesses to access finance through the $2 billion Securitisation Fund. Backing small business is part of our plan for a stronger economy.

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