Business SA recognises the importance of small business tax concessions to facilitate the growth of SMEs, and to assist with other matters such as retirement planning. However, we are concerned about the unintended consequences of changes to the small business capital gains tax concession, particularly impacts on genuine collaborative investments. We also want to see a consistent $10m small business tax concession threshold and a permanent $20,000 instant asset write-off provision.
lobbies on behalf of members to ensure the voice of South Australian business is heard and that we achieve the best environment in which to do business. A significant part of that lobbying effort is through written submissions we make to all levels of government and other organisations such as utility companies, either in response to formal reviews of for example, legislation, or proactively where we wish to progress a particular issue not high enough on the government’s agenda. This might include submissions before the State Budget or where say, the government is reviewing options to reduce red-tape. We also make regular submissions to the Fair Work Commission to advocate the interests of our members with respect to Modern Awards and other industrial matters.
Business SA’s policy team relies heavily on member input into our submissions to ensure that we have the most comprehensive and current perspective from members for any position we take on your behalf. So if you are asked to complete a survey, speak with a policy team member on the phone or participate in a member forum, we appreciate your involvement as it all helps to strengthen the case of business.
Date Published: August 2018
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