Dr Anne Aly has been appointed as the Minister for Small Business and Minister for International Development and Multicultural Affairs in Prime Minister Anthony Albanese’s returning cabinet.
Council of Small Business Organisations Australia (COSBOA) CEO Luke Achterstraat welcomed the new cabinet and called for small businesses to be recognised as central to achieving national economic goals.
“Unlocking small business potential is essential to lifting productivity,” said Achterstraat.
“Measures like reducing the small business company tax rate from 25 per cent to per cent would provide immediate relief and drive investment,” he said.
With small businesses representing 97.7 per cent of all Australian businesses and employing over 5 million people, Achterstraat emphasised creating policies that support their success.
Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, emphasised the opportunities available to “further support small and family business at a time when many are reporting really challenging trading conditions”.
“As greater attention is given to lifting productivity and improving the supportiveness of the economic environment within which enterprising women and men consider forming, growing, investing in their business and taking risks to create economic and employment opportunities, I look forward to continuing to work well, cooperatively and with purpose with Dr Andrew Leigh in his Assistant Minister role, which now has an added productivity focus”, said Billson.
