Senate debates

Tuesday, 16 October 2018

Questions without Notice

Taxation

2:08 pm

Photo of Michaelia CashMichaelia Cash (WA, Liberal Party, Minister for Small and Family Business) Share this | Hansard source

It's only the Liberal and the National parties—the coalition government—that support small and family businesses in Australia. We acknowledge that they are the engine room of our economy and we will always foster an environment in which these small and family businesses are able to prosper and grow, because, when they prosper and grow, they create more jobs, and that is a win for all Australians.

In the 2018 budget, we continued to put in place policies that will improve the economic conditions for small and family businesses. As you'd be aware, we extended the $20,000 instant asset write-off for another 12 months. As I travel around Australia, I have the opportunity of meeting so many small and family businesses that have told me about—or, at least, shown me—the equipment they have invested in, again as a result of this government's policy. Those of us on this side of the chamber will back small and family business every step of the way.

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