Gray defends party record on business

Felicity Njoroge was reunited with Chickito, who went missing for 10 days. He was returned by Erskine Pets owner Michelle Newman.
Felicity Njoroge was reunited with Chickito, who went missing for 10 days. He was returned by Erskine Pets owner Michelle Newman.

Ms Gordin, the endorsed Liberal candidate in Mr Gray’s Labor-held federal seat of Brand, said local small business deserved better than a ‘revolving door’.

‘We’ve seen six small business ministers in six years ” and five ministers since late 2011,’ Ms Gordin said.

Mr Gray said it was nonsense to talk of a ‘revolving door’ of small business ministers when there had been at least four in WA over the past three years ” Lisa Harvey, Simon O’Brien, Bill Marmion and Troy Buswell.

Ms Gordin said the number of people employed in small business had declined under Labor by 243,000 while the rate of small business formation has halved.

‘It’s tough running a small business and it’s been made even tougher because of the carbon tax and red tape,’ she said.

‘Our local small businesses have had to carry the full weight of the carbon tax without any of the compensation or the carve outs afforded to others.

‘At the same time, small business owners are telling me they are being bombarded with more red tape and compliance costs than ever before.

‘Labor has introduced more than 20,000 regulations and only repealed 104 despite promising a ‘one in one out’ approach to regulation in 2007.’

Mr Gray said the Federal Government had appointed the first Australian Small Business Commissioner and supported small business through the GFC by increasing the instant tax write-off threshold and loss carry-back.

‘The small business instant asset write-off threshold has increased from $1000 to $6500 as well as an accelerated initial deduction for motor vehicles costing more than $6,500.

‘Starting with the 2012-13 tax year, small businesses can depreciate other assets (other than buildings) at 15 per cent in the first year and then in a single pool at a rate of 30 per cent.’

‘I am aware of the challenges that small business operators face every day but the most important contribution we can make is to provide a stable and healthy economy. The NBN, which Tony Abbott is opposed to, will also have major benefits for local business.

‘The Australian Bureau of Statistics reported this week that 71,500 extra jobs had been created across Australia in February, bringing the total to nearly a million additional jobs under Labor,’ he said.