Michelle Landry (Capricornia, National Party) Share this | Link to this | Hansard source

In the past when I walked around Capricornia, small business owners were telling me that they were worried for their future and needed some support. I listened, and each time I brought their voice and concerns back to Canberra. Now, thanks to the coalition government, mum-and-dad businesses will benefit from the biggest small business initiative in our nation's history. It is called our Growing Jobs and Small Business package.

Capricornia tradies, sole traders and partnerships will get a tax cut. Significantly, small businesses with a turnover below $2 million can claim an immediate tax deduction for every asset they acquire that is valued up to $20,000. For example: if Jeffery Pearce, who proudly operates Cal's Snack Bar in Kawana in North Rockhampton, needs new kitchen equipment, he can take advantage of this generous tax related incentive. Peter Fraser, President of the Capricornia Chamber of Commerce, described the measures as extremely important and some of the best in decades. When the federal small business minister visited Rockhampton just after the budget, Mark Woods of Stewarts Department Store, an iconic Rockhampton family business, told him that our government delivered an excellent budget for local small business.