Abbott 'sensitive' to small business: ACCI chief exec
19/05/2013 - A coalition plan to delay an increase to the
superannuation contribution guarantee shows Opposition Leader Tony Abbott is
sensitive to the plight of small business, a lobby group says
Australian Chamber of Commerce and Industry (ACCI) chief
executive Peter Anderson says Abbott's budget reply speech to parliament on
Thursday would increase the focus on small business in the lead-up to the
September federal election.
"The combination of the new announcement to defer for two years the hikes in the compulsory superannuation levy, the intended abolition of the carbon tax and the planned root and branch review of competition policy show a welcome sensitivity to the plight of small business," Anderson said in a statement on Friday.
"Small employers, buffeted by rising costs and declining profitability, can only keep funding the retirement incomes of staff if they are strong and profitable."
Abbott also reaffirmed cuts to business red tape, a review of competition policy and that small business would be a cabinet portfolio within the Treasury department.
"The combination of the new announcement to defer for two years the hikes in the compulsory superannuation levy, the intended abolition of the carbon tax and the planned root and branch review of competition policy show a welcome sensitivity to the plight of small business," Anderson said in a statement on Friday.
"Small employers, buffeted by rising costs and declining profitability, can only keep funding the retirement incomes of staff if they are strong and profitable."
Abbott also reaffirmed cuts to business red tape, a review of competition policy and that small business would be a cabinet portfolio within the Treasury department.
