Assessing the State Opposition Small Business Initiatives: CCIQ

Monday 27 May, 2019 | By: Dan Petrie

The Chamber of Commerce and Industry Queensland (CCIQ) has welcomed the state Liberal National party’s announcement of a commitment to small business with two key policy initiatives aimed at boosting small business creation in the regions and a procurement aimed at increasing engagement with the state’s small business sector.

 

Additionally, the LNP has given a commitment to no new taxes, guaranteed payment times to small business suppliers within 20 days, and structurally separate Queensland’s electricity generators as part of the recommendation from the Australian Consumer Competition Commission.

 

Head of Industry and Media Dan Petrie said payment terms and access to government procurement opportunities has long been a source of considerable frustration for small businesses.

 

“The LNP have set out a set of policy priorities in terms of procurement and energy we are broadly supportive of.

 

“The commitment to no new taxes and matching the government’s recent announcement of improved payment times for small business represents the correct path forward for engaging in good faith with the business community.

 

“The young entrepreneurs pilot program is a more interesting announcement recognising the value of traditional businesses as the key job generators in the economy. We are obviously interested in the detail of this proposal in terms of both incentives and accessibility, ” Mr Petrie said.

 

The LNP policy did not mention changes to the state’s payroll tax schedule which for small business continues to weigh on overall operating margins.

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