Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator O'Neill for that question. Today we have announced new measures to give Australian families and businesses more flexibility during this time. It's about making systems more flexible, supply chains more responsive and business more supported. The ATO will provide temporary relief for businesses unable to meet their tax obligations due to fuel supply issues, where appropriate. This will include more generous payment plans, remission in interest and penalties, and support in varying PAYG instalments where there has been a downturn in taxable income.

In relation to small business, we'll help small business access easier and faster credit by extending the small business responsible lending obligation exemption for a further 10 years. This will ensure small businesses aren't slugged with additional regulatory burdens and delays when accessing loans. We welcome the commitments from the banks. Indeed, former senator Birmingham was in the blue room today, saying how they are working across their members to ensure customers, suppliers and employees are supported. (Time expired)