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Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16

The engine room of the Australian economy

Small businesses drive growth and create jobs

We want to ensure Australia is the best place to start and grow a business. The best way to create jobs is to build a strong, prosperous economy that encourages business confidence.

96 per cent of all Australia's businesses are small businesses, employing over 4½ million people and producing over $330 billion of our nation's economic output per year.

We know the hard working women and men of Australian small businesses are the engine room of our economy. In 2013-14 Australians started over 280,000 small businesses.

There is no doubt small business is at the forefront of Australia's jobs and growth; and the Coalition is delivering for small businesses now and into the future.

The new $5.5 billion Jobs and Small Business package is the biggest small business package in our nation's history. It builds on what we have already achieved for small businesses and will help small businesses invest more, grow more, and employ more.

The package includes tax cuts for all Australian small businesses, to encourage investment and growth.

Australians are well known for their enterprising spirit and their willingness to have a go. With this in mind the package also includes measures that will reduce even more red tape and promote start‑ups and energise entrepreneurship.

Helping more small businesses become profitable, sustainable and competitive will ensure they are in the best position to hire new employees, providing more jobs, including for Australia's youth and older workers.

2013-14 saw strong growth in Australian small business start-ups

2013-14 saw strong growth in Australian small business start-ups