Abbott 'sensitive' to small business: ACCI chief exec

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.

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