Mark Arbib (NSW, Australian Labor Party, Minister for Sport) Share this | Hansard source

Motor vehicles are also capital items for many small businesses, so the extra tax relief will help them. The government is providing relief for an instant asset write-off of up to $5,000 for motor vehicles worth over $6,500. We are also reducing red tape, reducing the regulatory burden for small business. Just last night in the other place, the government introduced the Government Excise Amend­ment (Reducing Business Compliance Burden) Bill and the Customs Amendment (Reducing Business Compliance Burden) Bill, which are worthwhile steps in reducing the burden on small businesses. What did the shadow minister for small business, Mr Billson, say? He said it was a:

… worthwhile step by this government in reducing red tape and compliance burdens, particularly on small business.

So the Labor government is acting; it is working. This is just one of the things we are doing. Another thing is a superannuation clearing house. (Time expired)