18 July 2017
The Turnbull Government has gathered great industry insight from one of Australia’s small business capitals – the Gold Coast.
Member for Moncrieff and Minister for Trade, Tourism and Investment Steven Ciobo hosted his annual Small Business Forum last night which connects the city’s small businesses directly with Government – a chance for locals to engage with key policy makers on issues important to them.
The Minister for Small Business Michael McCormack was the keynote speaker at the forum hosted at the Southport Yacht Club last night.
Mr McCormack and Mr Ciobo gave an update on the Government’s small business measures and took questions from Gold Coast small business owners.
Mr Ciobo said he knows the importance of small business to the Gold Coast and has always been a powerful voice for the sector, advocating strongly on their behalf.
“Small business is the engine room of our city’s economy,” he said.
“Each year, the Small Business Forum provides an opportunity for small business people to give feedback and ask questions of government and small business industry representatives.
“It’s also a great chance to meet like-minded business people from the Gold Coast and expand their professional network.”
Federal Small Business Minister Michael McCormack said cuts to the company tax rate and an extension to the instant asset write-off will help the Gold Coast’s small businesses grow, invest and create more jobs.
“I was delighted to join the small business forum for the second year in a row, to hear some of the Gold Coast’s optimism and ideas for the future,” Mr McCormack said.
“That’s how I know the Federal Government’s cuts to the small business tax rate – to the lowest level in 70 years – and extension to the instant asset write-off programme will help local small businesses pursue their ideas and make them a reality.
“By using the $20,000 instant asset write-off to purchase the new equipment they need, small business is in the driver’s seat to create even more jobs on the Gold Coast.”
Mr McCormack urged locals to purchase equipment locally to keep more money flowing through local communities.
“The Gold Coast has great services available to help small businesses purchase the equipment they need to grow. I would urge locals to spend that money in local small businesses to help create a local multiplier effect and keep more money in the local community.”
“That way we can all work together and keep the Gold Coast small business community thriving.”
For more information, please visit www.business.gov.au/smallbusiness.