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

I thank Senator Molan for his question. Those of us on this side of the chamber, the Liberal-National government of Australia, are delivering for the small and family businesses of Australia. During our time away from parliament colleagues, I had the opportunity to visit a number of states and, yet again, continue to talk to small and family businesses on the ground about how we, as a government, are putting in place the policies that will ensure that they are able to prosper and grow. We talked about delivering on our tax cuts for small and family businesses, reducing their tax rate down to 25 per cent five years earlier than planned. Why can we do it five years earlier than planned? Because we have put in place the right policies to ensure that we have a stronger economy. Small and family businesses in Australia will now be paying a 25 per cent tax rate five years earlier, in 2021-22. That means that millions and millions of small and family businesses across Australia will pay less tax sooner because of the policies of the Morrison government.

Of course, I spoke to many businesses about the investments that they have made in their businesses as a result of the $20,000 instant asset write-off. We have, of course, extended that policy until 30 June 2019. I also met a number of businesses that have benefited from our investment in the Entrepreneurs' Program. This is about ensuring that those businesses who want the opportunity to become exporters are able to do this and to take advantage of all the opportunities that those of us on this side of the chamber have managed to put into place because we have signed up to free trade agreements.

I also had the opportunity to visit Neil Thompson Smash Repairs with David Coleman, the member for Banks; and our fantastic Minister for Immigration— (Time expired)